UPDATE: AES Reports Q1 Net Income of $224 million

AES Corp AES reported its first-quarter results on Monday. The company's quarterly net income surged to $224 million, from $187 million, in the year-earlier period. AES reported its earnings at $0.28 per share, versus $0.27 per share, in the year-earlier period. The company's adjusted earnings came in at $0.22 per share, compared with $0.28 per share. Its revenue surged to $4.26 billion, from $3.92 billion, in the year-ago quarter. AES also reaffirmed its projections for the full year. AES shares closed at $12.93 on Friday. Read more from Benzinga's Company news.