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AES Corp (AES) Q2 Earnings Miss Estimates, Revenues Down Y/Y
ES Corporation’s AES second-quarter 2019 adjusted earnings of 26 cents per share missed the Zacks Consensus Estimate of 27 cents by 3.7%. However, earnings grew 4% from the year-ago quarter’s 25 cents per share.
Barring one-time adjustment, the company delivered GAAP earnings of 2 cents per share in the reported quarter compared with 15 cents in the prior-year period.
Highlights of the Release
AES Corp generated total revenues of $2.48 billion in the second quarter, down 2.1% year over year. The top line also lagged the Zacks Consensus Estimate of $2.50 million by 1%.
Total cost of sales was $1,981 million in the second quarter, up 2.3% year over year. General and administrative expenses were $49 million, 40% higher than the year-ago quarter’s $35 million.
Operating income stood at $502 million, down 16.3% from $600 million in the year-ago period.
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https://finance.yahoo.com/news/aes-corp-...01080.html
![[Bild: AESc1dl1619.png]](https://finviz.com/publish/080619/AESc1dl1619.png)
ES Corporation’s AES second-quarter 2019 adjusted earnings of 26 cents per share missed the Zacks Consensus Estimate of 27 cents by 3.7%. However, earnings grew 4% from the year-ago quarter’s 25 cents per share.
Barring one-time adjustment, the company delivered GAAP earnings of 2 cents per share in the reported quarter compared with 15 cents in the prior-year period.
Highlights of the Release
AES Corp generated total revenues of $2.48 billion in the second quarter, down 2.1% year over year. The top line also lagged the Zacks Consensus Estimate of $2.50 million by 1%.
Total cost of sales was $1,981 million in the second quarter, up 2.3% year over year. General and administrative expenses were $49 million, 40% higher than the year-ago quarter’s $35 million.
Operating income stood at $502 million, down 16.3% from $600 million in the year-ago period.
...
https://finance.yahoo.com/news/aes-corp-...01080.html
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