AES Corp (NYSE: AES) saw its stock price surge 5.06% during Friday's trading session, despite initial pre-market losses following the release of its second-quarter earnings report. The company's financial results presented a mixed picture, with earnings surpassing expectations while revenue fell short of projections.

AES reported adjusted earnings of $0.51 per share for the second quarter, significantly beating the analyst consensus estimate of $0.47. This represents a 34.21% increase from the $0.38 per share earned in the same period last year. However, the company's quarterly sales of $2.85 billion missed the analyst consensus estimate of $3.10 billion by 7.88% and showed a 2.96% decrease compared to the previous year.

Despite the revenue miss, investors appear to be focusing on the strong earnings performance and the company's maintained 2025 adjusted earnings guidance of $2.10 to $2.26 per share. The positive market reaction suggests that traders are optimistic about AES's ability to manage costs and improve profitability, even in the face of challenging revenue conditions. The company's performance in its Clean Energy Development segment and the derecognition of a valuation allowance related to the Mong Duong loan receivable may have also contributed to the stock's upward movement.