AES Q3 EPS $0.60 Beats $0.54 Estimate, Sales $3.43B Miss $3.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
AES Corporation reported Q3 earnings of $0.60 per share, beating the analyst consensus estimate of $0.54 by 11.11%. However, this is a 4.76% decrease from the same period last year. The company's quarterly sales were $3.43 billion, missing the analyst consensus estimate of $3.57 billion by 3.77%, and marking a 5.32% decrease from the same period last year.
November 02, 2023 | 9:01 pm
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AES Corporation's Q3 earnings beat estimates but sales missed, with both showing a decrease from the same period last year.
While AES Corporation beat earnings estimates, it missed on sales and both earnings and sales are down year-over-year. This mixed result could lead to neutral short-term price movement as the market weighs the positive earnings beat against the negative sales miss and overall decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100