ATLANTA — Southern Co. (SO) on Wednesday reported third-quarter earnings of $970 million.
The Atlanta-based company said it had net income of $1.05 per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $1.17 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The power company posted revenue of $5.4 billion in the period.
Southern Co. shares have declined 7 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased roughly 4 percent in the last 12 months.
Keywords: Southern Co., Earnings Report