ARLINGTON, Va. (AP) _ The AES Corp. (AES) on Wednesday reported third-quarter net income of $343 million, after reporting a loss in the same period a year earlier.

The Arlington, Virginia-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The power company posted revenue of $3.04 billion in the period.

AES expects full-year earnings in the range of $1.50 to $1.58 per share.

AES shares have climbed nearly 8% since the beginning of the year, while the S&P's 500 index has increased 24%. In the final minutes of trading on Wednesday, shares hit $25.30, a climb of 25% 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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