Rochester, NY 8/18/2009 12:42:42 PM
The AES Corporation, AES ,Electric utility AES recently raises company’s 2009 earning guidance
The AES Corporation
Electrical utility AES Corp. increase the company’s full-year earning guidance above analysts’ estimates last Friday. The earning guidance cites favorable currency and commodity movements, a lower tax rate and a gain related to the settlement of a claim at one of its European affiliates.
The company also reported a decrease on its second quarter earnings due to a decline in revenue and a one-time gain during the same quarter a year ago. The company's results excluding items still topped Wall Street's expectations.
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