Southern Co.: Q1 Earnings Snapshot
ATLANTA (AP) _ Southern Co. (SO) on Thursday reported first-quarter net income of $1.14 billion.
On a per-share basis, the Atlanta-based company said it had net income of $1.07. Earnings, adjusted for non-recurring gains, were 98 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The power company posted revenue of $5.91 billion in the period.
Southern Co. shares have climbed almost 5% since the beginning of the year, while the S&P’s 500 index has risen 11%. The stock has increased 11% in the last 12 months.