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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.