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.

You May Also Be Interested In

• Academy Sports and Outdoor (ASO) Tops Q2 EPS by 22c, Offers Guidance
• Sunbelt Rentals Holdings, Inc. (SUNB) Reports Q2 EPS of $1.18
• Alcoa proposes $2.6B notes offering to fund South32 asset deal