CORRECT: Southern Co Reports First-Quarter Earnings

Date : 04/25/2012 @ 9:02AM
Source : Dow Jones News
Stock : Southern Company (The) (SO)
Quote : 47.23  0.0 (0.00%) @ 8:01AM

CORRECT: Southern Co Reports First-Quarter Earnings

Southern (NYSE:SO)
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Southern Co. (SO) reported first-quarter earnings of $368 million, or 42 cents a share, and revenue of $3.6 billion.

The company said fuel retail revenue was $1.04 billion, while non-fuel retail revenue was $2.06 billion.

Total retail electricity sales fell 5.1%, while total wholesale sales declined 20%.

Residential electricity sales dropped 13.7%. Commercial sales dipped 3.1%, but industrial sales grew 1.9%.

For the quarter, total kilowatt-hour sales fell 7.3%.

On a regional basis, Alabama power revenue fell 7.9% to $1.22 billion. Georgia power fell 12.3% to $1.75 billion.

(Headlines between 7:29 a.m. and 7:33 a.m. EDT misstated the figures.)

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