Investing.com – Southern reported on Thursday fourth quarter that matched analysts’ forecasts and revenue that fell short of expectations.
Southern announced earnings per share of $0.27 on revenue of $4.91B. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $5.27B. That with comparison to EPS of $0.25 on revenue of $5.34B in the same period a year before. Southern had reported EPS of $1.34 on revenue of $6B in the previous quarter. Analysts are expecting EPS of $0.76 and revenue of $5.49B in the upcoming quarter.
Southern shares are up 7.71% from the beginning of the year , still down 3.50% from its 52 week high of $71.10 set on January 31. They are outperforming the S&P 500 which is up 4.36% year to date.
Southern follows other major Utilities sector earnings this month
Southern’s report follows an earnings missed by NextEra Energy on January 24, who reported EPS of $1.44 on revenue of $4.59B, compared to forecasts EPS of $1.48 on revenue of $4,631M.
Enbridge had missed expectations on February 14 with fourth quarter EPS of $0.46 on revenue of $9.32B, compared to forecast for EPS of $0.49 on revenue of $9.59B.
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