The AES Corporation Reaffirms FY 2012 Adjusted EPS Guidance

The AES Corporation announced that the Company reaffirmed its fiscal 2012 adjusted earnings per share (EPS) guidance range of $1.22-$1.30, which is based on foreign exchange and commodity price assumptions as of June 30, 2012, and includes all announced and closed asset sales. The Company now expects its adjusted EPS to come in at the low end of the guidance range due to unfavorable foreign exchange and commodity price movements since March 31, 2012, and the final impact of the tariff reset at Eletropaulo, offset by operational improvements, cost cutting and the results of capital allocation. The Company reaffirmed its Diluted EPS from Continuing Operations guidance range of $1.22-$1.30, although it expects it to be at the low end of the range, due to the drivers discussed above. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.26 for fiscal 2012.