BUZZ-AES Corp gains on Q2 profit beat

Reuters
08/01
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;))

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