Southern Co.: 3Q Earnings Snapshot
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.