Investing.com - Southern (NYSE:SO) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Southern announced earnings per share of $0.98 on revenue of $5.91B. Analysts polled by Investing.com anticipated EPS of $0.8267 on revenue of $5.49B.
Southern shares are up 11% from the beginning of the year and are trading at $64.34 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 11.37% from the start of the year.
Southern follows other major Utilities sector earnings this month
Southern's report follows an earnings beat by NextEra Energy on Wednesday, April 21, 2021, who reported EPS of $0.67 on revenue of $3.73B, compared to forecasts EPS of $0.6097 on revenue of $4.87B.
American Electric Power had missed expectations on Thursday, April 22, 2021 with first quarter EPS of $1.15 on revenue of $4.3B, compared to forecast for EPS of $1.17 on revenue of $4.26B.
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