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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Southern Co | NYSE:SO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.9368 | -1.17% | 79.4532 | 80.84 | 79.56 | 80.25 | 5,106,173 | 01:00:00 |
By Dieter Holger
Southern Co.'s profit and sales beat forecasts in the first quarter as customer energy demand improved faster than expected, spurring earnings growth across its divisions.
The Atlanta-based power company said Thursday that its net income was $1.14 billion in the quarter ended March 31, up from $868 million a year ago. It booked per-share earnings of $1.07, versus last year's 82 cents a share.
Its adjusted earnings were 98 cents a share, beating the average analyst forecast of 83 cents a share, according to FactSet.
Sales rose to $5.91 billion in the quarter from $5.02 billion a year ago. Analysts expected sales of $5.54 billion.
Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger
(END) Dow Jones Newswires
April 29, 2021 07:20 ET (11:20 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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