The AES Corporation (AES) reported third-quarter net income from continuing operations to shareholders of $488 million or $0.67 per share, compared to $175 million or $0.23 per share, prior year. Adjusted earnings per share was $0.37 for the quarter.
On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.34 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $4.44 billion from $4.00 billion last year. Analysts expected revenue of $4.73 billion for the quarter.
The company lowered its full year 2014 adjusted EPS guidance range from $1.30-$1.38, to $1.25-$1.31. Analysts expect the company to report full year earnings per share of $1.31.
The company expects full year 2015 adjusted EPS in range of $1.30-$1.40. The company expects 2016 adjusted EPS to reflect flat to modest growth off 2015 guidance. The company's expectations for 2017 and 2018 adjusted EPS remain unchanged.
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