ATLANTA — Southern Co. (SO) on Wednesday reported second-quarter net income of $643 million.
The Atlanta-based company said it had net income of 69 cents per share. Earnings, adjusted for non-recurring costs, came to 71 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The power company posted revenue of $4.34 billion in the period.
Southern Co. shares have dropped 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 2 percent. The stock has fallen 4 percent in the last 12 months.
Keywords: Southern Co., Earnings Report