- AES Corp. (AES -4.4%) plunges after its Q4 earnings results include a sharp revenue miss and below consensus FY 2017 earnings expectations.
- AES sees 2017 EPS of $1.00-$1.10 vs. $1.11 analyst consensus estimate, and guides for consolidated free cash flow from operations of $2B-$2.8B with 8%-10% average annual growth, and adjusted EPS through 2020 off the midpoint of its 2016 expectation of $525M-$625M.
- AES also says it expects to raise at least $500M in equity proceeds from asset sales in 2017 that will be reallocated in 2017-18.