Southern Co. beats 3Q profit expectations, misses revenue forecasts


We also have more stories about:
(click the phrases to see a list)




ATLANTA — Southern Co. (SO) on Wednesday reported earnings of $735 million in its third quarter.

The Atlanta-based company said it had profit of 80 cents per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The power company posted revenue of $5.34 billion in the period, missing Street forecasts. Analysts expected $5.4 billion, according to Zacks.

Southern Co. shares have increased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 8 percent. The stock has increased 10 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. SO stock research report from Zacks.


Keywords:Southern Co.,Earnings Report

All content copyright ©2014 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.