Investing.com - Southern reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Southern announced earnings per share of $0.36 on revenue of $5.8B. Analysts polled by Investing.com anticipated EPS of $0.3536 on revenue of $4.62B.
Southern shares are down 5% from the beginning of the year, still down 7.02% from its 52 week high of $69.76 set on January 31. They are outperforming the S&P 500 which is down 6.11% 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 January 25, who reported EPS of $0.41 on revenue of $5.05B, compared to forecasts EPS of $0.3897 on revenue of $6.25B.
Duke Energy had missed expectations on February 10 with fourth quarter EPS of $0.94 on revenue of $6.24B, compared to forecast for EPS of $0.9615 on revenue of $6.53B.
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