Investing.com - Southern (NYSE:SO) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.34 on revenue of $6.00B. Analysts polled by Investing.com expected EPS of $1.15 on revenue of $6.18B. That compared to EPS of $1.14 on revenue of $6.16B in the same period a year earlier. The company had reported EPS of $0.8 on revenue of $5.1B in the previous quarter.
For the year, Southern shares are up 38.71%, outperforming the S&P 500 which is up 22.61% year to date.
Southern follows other major Utilities sector earnings this month
On Tuesday, October 22, 2019, NextEra Energy reported third quarter EPS of $2.39 on revenue of $5.57B, compared to forecasts of EPS of $2.29 on revenue of $5.16B.
Enterprise Products Partners LP earnings missed analyst's expectations on Monday, with third quarter EPS of $0.46 on revenue of $7.96B. Investing.com analysts expected EPS of $0.53 on revenue of $8.96B
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