FX.co ★ The AES Corporation Q1 Profit Increases, beats estimates

The AES Corporation reported an increase in profits for its first quarter compared to the previous year, surpassing Wall Street estimates. The company's net income reached $432 million, or $0.60 per share, showing significant improvement from $151 million, or $0.21 per share, during the same period last year.

When accounting for special items, the company's adjusted earnings were noted at $336 million or $0.50 per share for the quarter. On average, analysts had predicted the company would earn $0.34 per share, as compiled by Thomson Reuters. Please note, these estimates usually exclude any special items.

However, the company's revenue for the quarter dropped slightly by 4.6%, bringing it down to $3.09 billion from $3.24 billion from the previous year.

To give an overall glimpse of The AES Corporation's performance for the quarter (in GAAP terms):

- Earnings for Q1 are $432 million, compared to $151 million last year.

- EPS for Q1 are $0.60, compared to $0.21 last year.

- Revenue for Q1 is $3.09 billion, compared to $3.24 billion last year.

As for the annual EPS guidance, it ranges from $1.87 to $1.97.