Southern Co.: 2Q Earnings Snapshot
ATLANTA (AP) _ Southern Co. (SO) on Wednesday reported a loss of $150 million in its second quarter.
The Atlanta-based company said it had a loss of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 80 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The power company posted revenue of $5.63 billion in the period.
Southern Co. shares have risen 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 7 percent. The stock has climbed slightly in the last 12 months.