Investing.com - Southern (NYSE:SO) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.7 on revenue of $5.41B. Analysts polled by Investing.com forecast EPS of $0.72 on revenue of $5.71B. That compared to EPS of $0.88 on revenue of $6.37B in the same period a year earlier. The company had reported EPS of $0.25 on revenue of $5.34B in the previous quarter.
For the year, Southern shares are up 32.06%, outperforming the S&P 500 which is up 18.93% year to date.
Southern follows other major Utilities sector earnings this month
On Tuesday, April 23, 2019, NextEra Energy reported first quarter EPS of $2.2 on revenue of $4.08B, compared to forecasts of EPS of $2.05 on revenue of $4.38B.
Enterprise Products Partners LP earnings beat analyst's expectations on Wednesday, with first quarter EPS of $0.57 on revenue of $8.54B. Investing.com analysts expected EPS of $0.48 on revenue of $9.19B
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