New York, August 5th (TradersHuddle.com) – Shares of AES Corporation (NYSE:AES) are trading lower by -0.38% ahead of its quarterly earnings release. AES, the global utility company is expected to release its quarterly results on August 6th.
Wall Street Analysts consensus calls for a profit of $0.21 a share on $3.06 billion revenue.
AES estimates have a range of $0.03 a share. The high estimate calls for profit of $0.23 a share and the low estimate is calling for a profit of $0.2 a share, a year ago for the quarter the company reported $0.28 a share.
AES Corporation (NYSE:AES), together with its subsidiaries, engages in the generation and distribution of electricity in Asia, North America, Europe, Latin America, and Africa. The Company sells electricity under long term contracts and serves customers under its regulated utility businesses.The company generates electricity through various resources, including coal, gas, and fuel oil, as well as hydro, wind, and solar.