Southern Co.: 3Q Earnings Snapshot
ATLANTA (AP) _ Southern Co. (SO) on Wednesday reported third-quarter profit of $1.17 billion.
The Atlanta-based company said it had profit of $1.14 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The power company posted revenue of $6.16 billion in the period.
Southern Co. shares have fallen 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 3 percent. The stock has declined 12 percent in the last 12 months.