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ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Thursday reported a second-quarter loss of $83 million, after reporting a profit in the same period a year earlier.
The Arlington, Virginia-based company said it had a loss of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The power company posted revenue of $2.22 billion in the period.
AES shares have fallen 23% since the beginning of the year, while the Standard & Poor’s 500 index has risen 3%. The stock has declined nearly 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AES at https://www.zacks.com/ap/AES
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