Investing.com - Southern reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Southern announced earnings per share of $1.07 on revenue of $7.21B. Analysts polled by Investing.com anticipated EPS of $0.8449 on revenue of $5.44B.
Southern shares are up 6% from the beginning of the year and are trading at $73.33 , down-from-52-week-high.They are outperforming the S&P 500 which is down 15.58% from the start of the year.
Southern shares gained 0.10% in pre-market trade the report.
Southern follows other major Utilities sector earnings this month
Southern's report follows an earnings beat by NextEra Energy on Friday, July 22, 2022, who reported EPS of $0.81 on revenue of $5.18B, compared to forecasts EPS of $0.7598 on revenue of $5.35B.
Iberdrola SA had beat expectations on Wednesday with second quarter EPS of $0.4674 on revenue of $9.41B, compared to forecast for EPS of $0.4255 on revenue of $9.41B.
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