AES Corp. Q4 Profit Rises; Sees FY13 Adj. EPS In Line - Quick Facts

(RTTNews.com) - AES Corp. ( AES ) reported that its fourth-quarter Income from continuing operations attributable to the company rose to $229 million or $0.31 per share from $139 million$0.18 per share in the year ago quarter.

Adjusted net income for the quarter rose to $0.32 per share from $0.23 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Total Revenue for the quarter rose to $4.64 billion from $4.18 billion in the prior year. Three analysts had consensus revenue estimate of $4.10 billion for the quarter.

"We continue to expect 4% to 6% average annual EPS capital growth, which combined with our current dividend yield, is in line with our 6% to 8% three-year total return expectations through 2015," said Tom O'Flynn, AES Executive Vice President and Chief Financial Officer.

The company expects 2013 adjusted earnings per share to be in the range of $1.24 to $1.32. Analysts expect the company to report earnings of $1.27 per share for fiscal 2013. The Company's guidance includes all announced asset sales, as well as some modest dilution from potential future asset sale transactions.

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