The AES Corporation Q1 Profit Increases, but misses estimates

(RTTNews) - The AES Corporation (AES) reported a profit for its first quarter that increased from last year but missed the Street estimates.

The company's earnings totaled $151 million, or $0.21 per share. This compares with $115 million, or $0.16 per share, in last year's first quarter.

Excluding items, The AES Corporation reported adjusted earnings of $0.22 per share for the period.

Analysts on average had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.7% to $3.24 billion from $2.85 billion last year.

The AES Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $151 Mln. vs. $115 Mln. last year. -EPS (Q1): $0.21 vs. $0.16 last year. -Analyst Estimate: $0.23 -Revenue (Q1): $3.24 Bln vs. $2.85 Bln last year.