AES Corp (AES) Tops Q4 EPS by 1c

AES Corp (NYSE: AES) reported Q4 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $7.66 billion versus the consensus estimate of $6.51 billion.

2016 Guidance and 2017-2018 Expectations

• Revised 2016 Proportional Free Cash Flow guidance to $1,000-$1,350 million, $125 million below prior guidance; continues to expect at least 10% average annual growth in 2017 and 2018
• Revised 2016 Adjusted EPS guidance to $0.95-$1.05, $0.10 below prior guidance; now expects average annual growth in 2017 and 2018 in the higher end of the prior 12%-16% range
• Revised 2016 guidance primarily reflects the impact from continued devaluation in foreign currencies and commodities, as well as slower economic growth in Brazil

For earnings history and earnings-related data on AES Corp (AES) click here.

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