AES Corp. (AES) reported that its third-quarter net income attributable to the company was $185 million or $0.28 per share, compared to $145 million or $0.22 per share in the same quarter last year.
Adjusted earnings per share for the quarter declined to $0.26, from $0.31 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were $3.838 billion, compared to $4.319 billion in the prior year quarter.
The company raised its 2009 adjusted earnings per share guidance to a range of $1.07 - $1.11 per share, from the prior range of $1.05 - $1.10 per share. Analysts expect the company to report earnings of $1.10 per share for fiscal 2009. The company also raised 2009 earnings per share from continuing operations to a range of $1.20 - $1.24 per share, from the prior range of $1.15-$1.20 per share.
In a separate press release, the company announced a binding stock purchase agreement with a wholly-owned investment subsidiary of China Investment Corporation or CIC to raise $1.58 billion of new equity to fund growth opportunities and extend its global leadership in the power sector. At close, CIC will acquire 125.5 million shares of AES stock for $12.60 per share for an approximate 15% stake in the company. AES also announced the signing of a letter of intent with CIC to raise an additional $571 million of equity for an approximate 35% interest in its wind generation business.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.