Southern Co. beats 3Q profit expectations, misses revenue forecasts



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ATLANTA — Southern Co. (SO) on Wednesday reported earnings of $735 million in its third quarter.

The Atlanta-based company said it had profit of 80 cents per share. Earnings, adjusted for non-recurring costs, were $1.09 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The power company posted revenue of $5.34 billion in the period, missing Street forecasts. Analysts expected $5.4 billion, according to Zacks.

Southern Co. shares have increased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 8 percent. The stock has increased 10 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. SO stock research report from Zacks.

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Keywords:Southern Co.,Earnings Report

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