Revenue Update on AES Corp(NYSE:AES)

AES Corp(NYSE:AES) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $3.23B. Analysts estimated a revenue of $3.68B. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

AES Corp (AES) made into the market gainers list on Wednesdays trading session with the shares advancing 2.33% or 0.28 points. Due to strong positive momentum, the stock ended at $12.28, which is also near the day’s high of $12.31. The stock began the session at $12 and the volume stood at 67,45,135 shares. The 52-week high of the shares is $12.99 and the 52 week low is $8.22. The company has a current market capitalization of $8,094 M and it has 65,90,89,480 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Fabian Souza (VP and Controller) sold 2,764 shares at $10.96 per share price.Also, On Nov 13, 2015, Santos Bernerd Da (COO) purchased 5,000 shares at $10.13 per share price.On Nov 12, 2015, Elizabeth Hackenson (Sr. VP and CIO) purchased 5,000 shares at $9.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The AES Corporation (AES) is a holding company that operates a portfolio of electricity generation and distribution businesses. The Company is organized into six market-oriented Strategic Business Units (SBUs): the United States Andes (Chile Colombia and Argentina) Brazil MCAC (Mexico Central America and Caribbean) Europe (formerly EMEA) and Asia. Within these six SBUs the Company has two lines of business: generation and utilities. Under the generation business line the Company owns and operates power plants to generate and sell power to customers such as utilities industrial users and other intermediaries. Under the utilities business line the Company owns and operates utilities to generate or purchase distribute transmit and sell electricity to end-user customers in the residential commercial industrial and governmental sectors within a defined service area. Its utilities also generate and sell electricity on the wholesale market.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *