BUZZ-<a href="https://laohu8.com/S/AESC">AES Corp</a> gains on <a href="https://laohu8.com/S/QTWO">Q2</a> profit beat
** Shares of U.S. utility AES Corp AES.N up 4.4% at $13.54
** Company beats Q2 profit estimates late on Thursday, driven by higher earnings from its renewables segment and a lower tax rate
** Posts Q2 adjusted profit of 51 cents/share vs estimate of 40 cents/share - data compiled by LSEG
** Revenue at its renewables segment rose 4% to $644 million in Q2, while the utilities unit reported over a 6% jump to $954 million
** Including session's moves, AES up 5.1% YTD
(Reporting by Sumit Saha in Bengaluru)
((Sumit.Saha@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.