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AES reports 4Q loss

ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Monday reported a loss of $949 million in its fourth quarter.

On a per-share basis, the Arlington, Virginia-based company said it had a loss of $1.44. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The power company posted revenue of $3.54 billion in the period.

For the year, the company reported a loss of $1.13 billion, or $1.71 per share, swinging to a loss in the period. Revenue was reported as $13.59 billion.

AES shares have climbed nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 6 percent. The stock has risen 20 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