ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Monday reported a first-quarter loss of $24 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Arlington, Virginia-based company said it had a loss of 4 cents. Earnings, adjusted for non-recurring costs, came to 17 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The power company posted revenue of $3.49 billion in the period.
AES expects full-year earnings in the range of $1 to $1.10 per share.
AES shares have decreased almost 3 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 7 percent. The stock has climbed 2 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AES at https://www.zacks.com/ap/AES
Keywords: AES, Earnings Report