AES' Q2 Earnings Surpass Estimates, Revenues Decline Y/Y
AES(AES) ZACKS·2024-08-02 21:57
The AES Corporation’s (AES) second-quarter 2024 adjusted earnings of 38 cents per share beat the Zacks Consensus Estimate of 36 cents by 5.6%. The bottom line also improved 81% from 21 cents reported in the year-ago quarter.The year-over-year improvement in adjusted earnings can be attributed to a lower adjusted tax rate and higher contributions from the Utilities SBU, as well as renewable projects placed in service in 2024.The company generated GAAP earnings of 27 cents per share against a GAAP loss of 6 c ...