Southern Misses Wall Street's Views in 4Q
February 18 2021 - 6:57AM
Dow Jones News
By Dieter Holger
Southern Co.'s profit and sales missed Wall Street's
expectations in the latest quarter.
The Atlanta-based power company said Thursday that net income
was $387 million in the fourth quarter ended Dec. 31, down from
$440 million a year ago. It booked earnings per share of 37 cents,
versus 42 cents last year.
Its adjusted earnings were 47 cents per share. Analysts polled
by FactSet expected 82 cents a share.
Sales rose to $5.12 billion in the quarter from $4.9 billion a
year ago. Analysts expected sales of $5.4 billion.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
February 18, 2021 06:42 ET (11:42 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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