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Southern Company (SO) Q1 Earnings In Line, Revenue Miss
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Revenue Came in Lower than Expected: Revenues of $5.4 billion came below the Zacks Consensus Estimate of $5.8 billion.
Key Stats: Southern Company’s total retail sales fell 10.5% as residential and commercial sales both declined. Moreover, industrial sales fell 5% year over year. This brought about a downward movement in overall electricity sales and usage. Total electricity sales during the first quarter were down 11.2% from the same period last year. Meanwhile, total wholesale sales slumped 13.3% year over year.
The power supplier’s operations and maintenance cost decreased 9.6% to $1.3 billion, while the utility’s total operating expense for the period – at $1.7 billion – was down 65.6% from the prior-year level.
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https://finance.yahoo.com/news/southern-...12860.html
![[Bild: SOc1dl1107.png]](https://finviz.com/publish/050119/SOc1dl1107.png)
...
Revenue Came in Lower than Expected: Revenues of $5.4 billion came below the Zacks Consensus Estimate of $5.8 billion.
Key Stats: Southern Company’s total retail sales fell 10.5% as residential and commercial sales both declined. Moreover, industrial sales fell 5% year over year. This brought about a downward movement in overall electricity sales and usage. Total electricity sales during the first quarter were down 11.2% from the same period last year. Meanwhile, total wholesale sales slumped 13.3% year over year.
The power supplier’s operations and maintenance cost decreased 9.6% to $1.3 billion, while the utility’s total operating expense for the period – at $1.7 billion – was down 65.6% from the prior-year level.
...
https://finance.yahoo.com/news/southern-...12860.html
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