© Reuters. Southern Earnings, Revenue Beat in Q1
Investing.com – Southern reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Southern announced earnings per share of $0.97 on revenue of $6.65B. Analysts polled by Investing.com anticipated EPS of $0.8956 on revenue of $5.98B.
Southern shares are down 17.21% from the beginning of the year, still down 4.86% from its 52 week high of $77.24 set on April 21. They are under-performing the S&P 500 which is down 12.22% 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 April 21, who reported EPS of $0.74 on revenue of $2.89B, compared to forecasts EPS of $0.7142 on revenue of $5.19B.
Iberdrola SA had missed expectations on Wednesday with first quarter EPS of $0.6647 on revenue of $12.78B, compared to forecast for EPS of $0.7822 on revenue of $11.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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