AES Corp rises as Q4 profit beats estimates

FirstEnergy

28/02/2025 15:57

Updates

** Shares of utility firm AES Corp AES.N rise 11.5% to $11.58

** Forecasts 2025 adjusted earnings per share of $2.10 to $2.26 vs. est of $2.03 - data compiled by LSEG

** Sales in its utilities segment rose ~11% to $878 million in Q4

** AES reports Q4 adjusted profit of 54 cents/share vs estimate of 34 cents/share

** "We believe AES' 4Q24 earnings release has positive implications for the stock, 2025 EPS guidance is higher than our estimates and Street consensus" - Durgesh Chopra, analyst at Evercore ISI

** Including session's moves, shares down about 11% YTD

 (Reporting by Katha Kalia in Bengaluru)

 ((Katha.Kalia@thomsonreuters.com))