AES Stock Rises on Earnings Beat Despite GAAP Losses
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BTCCSquare news:
AES Corp. shares defied broader market weakness, climbing as much as 6% after reporting Q2 adjusted earnings of $0.51 per share, surpassing the $0.40 consensus estimate. The utility stock pared gains to 1.2% by afternoon trading as investors digested mixed results—revenue missed expectations at $2.9 billion while GAAP accounting revealed a $0.15 per-share loss.
Management attributed losses primarily to clean energy development leases and margin compression. Forward guidance of $2.10-$2.26 in adjusted earnings maintains optimism, though reliance on non-GAAP metrics raises questions. The stock's resilience contrasts with sector volatility amid renewed tariff tensions.
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