NEW YORK (TheStreet) -- Shares of The AES Corporation (AES) fell 6.58% to $13.03 in afternoon trading Thursday after the electrical power generator and distributor reported third-quarter revenue and issued guidance that came up short of analysts' expectations.
The company reported revenue of $4.44 billion, up from $3.996 billion in the same period one year earlier. This figure came up short of the consensus estimate of $4.73 billion.
AES reported earnings of $488 million, or 67 cents a share. Adjusted earnings were 37 cents a share, which beat the consensus estimate of 34 cents a share.
AES reduced its full-year EPS guidance to a range of $1.25 to $1.31 from a range of $1.30 to $1.38. Analysts expect earnings of $1.31 a share.
For the full year 2015, AES expects earnings in the range of $1.30 to $1.40 a share, while the consensus estimate calls for EPS of $1.41.
Separately, TheStreet Ratings team rates AES CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AES CORP (AES) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally higher debt management risk and poor profit margins."
- You can view the full analysis from the report here: AES Ratings Report