Investing.com - Southern reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Southern announced earnings per share of $1.23 on revenue of $6.24B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $6.13B.
Southern shares are down 3% from the beginning of the year, still down 7.39% from its 52 week high of $67.54 set on September 9. They are under-performing the S&P 500 which is up 24.08% 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 October 20, who reported EPS of $0.75 on revenue of $4.37B, compared to forecasts EPS of $0.716 on revenue of $5.44B.
Exelon had beat expectations on Wednesday with third quarter EPS of $1.09 on revenue of $8.91B, compared to forecast for EPS of $1.08 on revenue of $8.5B.
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