Southern Co. (SO) Reports Fourth-Quarter Earnings
Atlanta, GA (AP) - Southern Co. (SO) announced fourth-quarter earnings of $534 million on Thursday, translating to earnings per share of 49 cents.
Adjusted for non-recurring costs, earnings reached 50 cents per share, falling short of Wall Street estimates. Analysts polled by Zacks Investment Research had predicted earnings of 51 cents per share.
Revenue for the quarter totaled $6.34 billion, exceeding analysts' expectations of $6.22 billion as per Zacks' survey.
For the full year, the company reported revenue of $26.72 billion and a profit of $4.4 billion, or $4.02 per share.