AES Q1 2024 Adj EPS $0.50 Beats $0.34 Estimate, Sales $3.085B Miss $3.197B Estimate
Portfolio Pulse from Benzinga Newsdesk
AES reported Q1 2024 adjusted EPS of $0.50, surpassing the $0.34 estimate, but its sales of $3.085B fell short of the $3.197B estimate, marking a 4.75% decrease from the previous year.
May 02, 2024 | 9:21 pm
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AES's Q1 2024 earnings beat estimates with an adjusted EPS of $0.50, but sales missed expectations, showing a 4.75% decrease from last year.
The positive earnings surprise could lead to short-term positive sentiment, offset by the disappointment in sales performance. The mixed results present a nuanced outlook, likely leading to a neutral short-term impact as investors weigh the earnings beat against the sales miss.
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