Southern (SO) Q4 Earnings Beat on Lower Costs, Sales Miss
Southern Company(SO) Zacks Investment Research·2024-02-19 22:10
Power supplier The Southern Company (SO) reported fourth-quarter 2023 earnings per share (excluding certain one-time items) of 64 cents, ahead of the Zacks Consensus Estimate of 59 cents and significantly above the year-ago adjusted profit of 26 cents. The outperformance reflects lower-than-expected operating expenses to go with the positive effects of weather, rates, usage and pricing changes.Meanwhile, the utility reported revenues of $6 billion. The top line missed the Zacks Consensus Estimate of $7.7 bi ...