Investing.com - Southern reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Southern announced earnings per share of $0.78 on revenue of $4.62B. Analysts polled by Investing.com anticipated EPS of $0.67 on revenue of $4.91B.
Southern shares are down 13% from the beginning of the year , still down 22.10% from its 52 week high of $71.10 set on January 31. They are under-performing the S&P 500 which is up 0.86% from the start of the year.
Southern follows other major Utilities sector earnings this month
Southern's report follows an earnings beat by NextEra Energy on July 24, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Enbridge had beat expectations on Wednesday with second quarter EPS of $0.42 on revenue of $10.52B, compared to forecast for EPS of $0.41 on revenue of $9.17B.
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