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Southern Co. posts 3Q profit of $970 million, result tops expectations


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.


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


Keywords: Southern Co., Earnings Report

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