SO Southern Co

   By Robert Barba 
 

Southern Co. (SO) reported results for the second quarter on Wednesday. Here's what you need to know.

RESULTS: The company, which operates energy utility companies in the South, reported a loss of $154 million, or 15 cents a share, compared to a loss of $1.38 billion, or $1.38 a share, a year earlier. When adjusted for items including estimated loss on plants under construction, the company reported earnings increased 9.6% to 80 cents a share. Analysts polled by FactSet were expecting earnings of 73 cents a share and adjusted earnings of 68 cents a share.

REVENUE: The company reported revenue of $5.6 billion, up 3.6% from a year earlier.

EXPENSES: Operating expenses were $5.6 billion, down 21% from a year earlier.

USAGE: The company reported 52.2 million kilowatt-hours sold, up 2.2%. Residential sales were up 5%.

Shares of Southern were down 4% to $47.13 in early trading.

Write to Robert Barba at robert.barba@wsj.com

(END) Dow Jones Newswires

August 08, 2018 09:55 ET (13:55 GMT)

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