AES' Q4 Earnings Outpace Estimates, Revenues Decline Y/Y
AESAES(AES) Zacks Investment Research·2024-02-27 22:06

The AES Corporation’s (AES) fourth-quarter 2023 adjusted earnings of 73 cents per share beat the Zacks Consensus Estimate of 69 cents by 5.8%. The bottom line also improved 49% from 49 cents reported in the year-ago quarter. The company generated a GAAP loss of 15 cents per share compared with a loss of 1.35inthefourthquarterof2022.For2023,AESreportedadjustedearningsof1.35 in the fourth quarter of 2022. For 2023, AES reported adjusted earnings of 1.76 per share, beating the Zacks Consensus Estimate of 1.73by1.71.73 by 1.7%. The bottom line also improved 5.4% from 1.67 reported ...