The AES Corporation Q3 Profit Increases, Beats Estimates

(RTTNews) - The AES Corporation (AES) reported earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $502 million, or $0.71 per share. This compares with $231 million, or $0.32 per share, in last year's third quarter.

Excluding items, The AES Corporation reported adjusted earnings of $582 million or $0.71 per share for the period.

Analysts on average had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.2% to $3.289 billion from $3.434 billion last year.

The AES Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $502 Mln. vs. $231 Mln. last year. -EPS (Q3): $0.71 vs. $0.32 last year. -Revenue (Q3): $3.289 Bln vs. $3.434 Bln last year.