AES Q3 Earnings Beat Estimates, Revenues Decline Y/Y

The AES Corporation's (AES) third-quarter 2024 adjusted earnings of 71 cents per share beat the Zacks Consensus Estimate of 60 cents by 18.3%. The bottom line also improved 18.3% from 60 cents per share in the year-ago quarter. The year-over-year improvement in adjusted earnings can be attributed to a lower adjusted tax rate and higher contributions from the renewable projects placed in service in 2024. The company generated GAAP earnings of 72 cents per share compared with 32 cents in the third quarter of ...