Investing.com - Southern (NYSE:SO) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.8 on revenue of $5.1B. Analysts polled by Investing.com expected EPS of $0.73 on revenue of $5.12B. That compared to EPS of $0.8 on revenue of $5.63B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $5.41B in the previous quarter.
Southern shares gained 1.07% to trade at $55.90 in intra-day trade following the report.
Southern shares gained 1.07% to trade at $55.90 in intra-day trade following the report.
For the year, Southern shares are up 27.28%, outperforming the S&P 500 which is up 21.59% year to date.
Southern follows other major Utilities sector earnings this month
On Wednesday, July 24, 2019, NextEra Energy reported second quarter EPS of $2.35 on revenue of $4.97B, compared to forecasts of EPS of $2.32 on revenue of $4.71B.
Enterprise Products Partners LP earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.55 on revenue of $8.28B. Investing.com analysts expected EPS of $0.52 on revenue of $8.56B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar