Southern Co. 1Q Profit, Sales Beat Views
By Dieter Holger
Southern Co.'s profit and sales beat forecasts in the first
quarter as customer energy demand improved faster than expected,
spurring earnings growth across its divisions.
The Atlanta-based power company said Thursday that its net
income was $1.14 billion in the quarter ended March 31, up from
$868 million a year ago. It booked per-share earnings of $1.07,
versus last year's 82 cents a share.
Its adjusted earnings were 98 cents a share, beating the average
analyst forecast of 83 cents a share, according to FactSet.
Sales rose to $5.91 billion in the quarter from $5.02 billion a
year ago. Analysts expected sales of $5.54 billion.
Write to Dieter Holger at email@example.com;
(END) Dow Jones Newswires
April 29, 2021 07:20 ET (11:20 GMT)
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