AES' Q4 Earnings Outpace Estimates, Revenues Decline Y/Y

The AES Corporation’s (AES) fourth-quarter 2023 adjusted earnings of 73 cents per share beat the Zacks Consensus Estimate of 69 cents by 5.8%. The bottom line also improved 49% from 49 cents reported in the year-ago quarter.The company generated a GAAP loss of 15 cents per share compared with a loss of $1.35 in the fourth quarter of 2022.For 2023, AES reported adjusted earnings of$1.76 per share, beating the Zacks Consensus Estimate of $1.73 by 1.7$1.67 reported i ...