Utilities | Electric Utilities | USA
Retail Unit Helps Southern Company (SO) Beat Q4 Earnings
Power supplier Southern Company SO reported fourth-quarter 2018 earnings per share (excluding certain one-time items) of 25 cents, a penny above the Zacks Consensus Estimate. The outperformance stemmed from favorable regulatory results and strength of its retail unit.
However, Southern Company’s bottom line witnessed a fall from the year-ago quarter’s profit of 51 cents on lower sales from the wholesale segment.
The Atlanta-based utility’s quarterly revenue – at $5.3 billion – came 5.2% lower than the fourth-quarter 2017 sales but beat the Zacks Consensus Estimate of $4.9 billion.
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https://finance.yahoo.com/news/retail-un...05231.html
Retail Unit Helps Southern Company (SO) Beat Q4 Earnings
Power supplier Southern Company SO reported fourth-quarter 2018 earnings per share (excluding certain one-time items) of 25 cents, a penny above the Zacks Consensus Estimate. The outperformance stemmed from favorable regulatory results and strength of its retail unit.
However, Southern Company’s bottom line witnessed a fall from the year-ago quarter’s profit of 51 cents on lower sales from the wholesale segment.
The Atlanta-based utility’s quarterly revenue – at $5.3 billion – came 5.2% lower than the fourth-quarter 2017 sales but beat the Zacks Consensus Estimate of $4.9 billion.
...
https://finance.yahoo.com/news/retail-un...05231.html