AP NEWS

Southern Co.: 3Q Earnings Snapshot

October 30, 2019

ATLANTA (AP) _ Southern Co. (SO) on Wednesday reported third-quarter earnings of $1.32 billion.

On a per-share basis, the Atlanta-based company said it had profit of $1.26. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.34 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The power company posted revenue of $6 billion in the period.

Southern Co. shares have increased 39% since the beginning of the year, while the Standard & Poor’s 500 index has risen 21%. The stock has climbed 33% in the last 12 months.

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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 https://www.zacks.com/ap/SO