ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Friday reported third-quarter profit of $421 million.

The Arlington, Virginia-based company said it had profit of 59 cents per share. Earnings, adjusted for non-recurring costs, were 63 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The power company posted revenue of $3.63 billion in the period.

AES expects full-year earnings in the range of $1.55 to $1.65 per share.

AES shares have risen roughly 8% since the beginning of the year, while the S&P's 500 index has dropped 22%. The stock has risen 3.5% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AES at https://www.zacks.com/ap/AES

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