News Summary

Shares of AES Corp AES gained about 0.5% after the company swung to a Q4 loss of $0.56 per share, from net income of $0.07 per share, in the year-earlier period. The company's adjusted earnings came in at $0.23 per share, up from $0.21 per share, in the year-ago period. The company's revenue rose to $4.4 billion from $3.78 billion. However, analysts were expecting earnings at $0.27 per share. AES projected its adjusted 2011 earnings of $1.08 to $1.14 per share, versus analysts' estimates of $1.12 per share. The dollar remained lower after a report depicted US consumer spending increased 0.2% in January. The dollar index (DXY) dropped about 0.60%. Against the greenback, the euro gained about 0.6033%. Yields on 10-year notes gained about 0.32%. Shares of Edison International EIX dropped about 1.5% after the company reported its Q4 earnings at $166 million, or $0.51 per share, versus $212 million, or $0.65 per share, in the year-earlier period. The company's adjusted earnings dropped to $0.58 per share from $0.59 per share. However, analysts had expected earnings of $0.60 per share. EIX projected 2011 earnings of $2.60 to $2.90 per share, versus the analysts' projections of $2.98 per share. Read more from Benzinga's Markets.