ADVFN - Advanced Financial Network.
HOME» NYSE » S » SO Stock Price » SO Stock News

Southern Share News

 Southern Company (the) Stock Price
SO Stock Price
 Southern Company (the) Stock Chart
SO Stock Chart
 Southern Company (the) Stock News
SO Stock News
 Southern Company (the) Company Information
SO Company Information
 Southern Company (the) Stock Trades
SO Stock Trades

Southern 4Q Net Up 71% On Lower Costs

DOW JONES NEWSWIRES Southern Co.'s (SO) fourth-quarter profit rose 71% as the southeastern U.S. utility benefited from lower fuel and purchased power costs and other expenses. However, revenue missed expectations as sales volume declined and performance was hit by weather that was closer to normal than last year. The operator of power utilities in Georgia, Florida, Alabama and Mississippi had benefited from stronger industrial demand in recent quarters as production improves from slumping levels in the recession. The company recently said it is continuing to see an economic recovery in its markets, but at a slower pace than expected. Southern, one of the largest U.S. utilities, reported a profit of $261 million, or 30 cents a share, up from $153 million, or 18 cents a share, a year earlier. The company in October expected 29 cents. Revenue fell 2% to $3.7 billion. Analysts polled by Thomson Reuters most recently forecast $4.01 billion. Fuel and purchased power costs were down 13% and nonfuel operations and maintenance expenses fell 5.1%. Total energy sales, including wholesale sales, decreased 49%. Kilowatt-hour sales to retail customers were down 5.5%, including a 13% drop in residential-electricity sales. Shares closed Tuesday at $44.90 and were inactive premarket. The stock is down 3% this year. -By Ben Fox Rubin and Tess Stynes, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Southern (SO)
DateTimeHeadline
07/23/201515:41:00Be summer storm ready with Outage Alerts, free resources
07/22/201510:15:00Southern Company and partners award waterway conservation grants
07/21/201515:38:00Georgia Power receives approval for Marine Corps Logistics Base...
07/20/201514:40:00Southern Company announces quarterly dividend
07/20/201514:39:00Georgia Power offers new instant savings at The Home Depot
07/15/201516:26:00SUBASE Kings Bay 30 MW solar project moving forward
07/15/201510:12:00Alabama Power declares dividends
07/14/201514:14:45Statement of Changes in Beneficial Ownership (4)
07/13/201510:00:00Southern Company hires information technology veteran as chief...
07/10/201516:57:03Current Report Filing (8-k)
07/07/201514:00:00Southern Company second-quarter earnings to be released July...
07/07/201509:00:00Southern Company CEO announces key hire for Energy Innovation...
07/02/201515:36:00Georgia Power highlights July 4th lake safety tips
07/02/201509:23:27Statement of Changes in Beneficial Ownership (4)
07/02/201509:22:29Statement of Changes in Beneficial Ownership (4)
07/02/201509:22:00Statement of Changes in Beneficial Ownership (4)
07/02/201509:21:33Statement of Changes in Beneficial Ownership (4)
07/02/201509:20:37Statement of Changes in Beneficial Ownership (4)
07/02/201509:19:41Statement of Changes in Beneficial Ownership (4)
07/02/201509:19:05Statement of Changes in Beneficial Ownership (4)

Southern and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad