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
06/30/201516:02:00Southern Company and partners announce longleaf conservation...
06/30/201516:00:00Georgia Power to offer solar sales, installation services July...
06/25/201511:29:55Current Report Filing (8-k)
06/24/201509:00:00Southern Company subsidiary surpasses 400 MW of solar generation...
06/23/201514:00:00Southern Company ranked among "Best Places to Work in IT"
06/19/201514:24:0064,000-pound CA04 module placed into Vogtle Unit 4 nuclear island
06/19/201513:51:55Annual Report of Employee Stock Plans (11-k)
06/17/201513:30:00Georgia Power offers tips to save money as heat wave hits Georgia
06/16/201517:38:00Plant Vogtle unveils new FLEX Dome
06/15/201515:14:00Georgia Power highlights EV programs during 5th Annual AFV Roadshow
06/15/201513:04:02Stocks to Watch in Nuclear
06/12/201514:15:001.3 million-pound Unit 3 Steam Generator arrives from South Korea
06/12/201510:37:21Current Report Filing (8-k)
06/10/201514:19:21Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
06/10/201513:08:00Evans named vice president of Georgia Power Human Resources
06/10/201508:00:00Eight Utilities and Energy Companies Announce Plans for Critical...
06/09/201516:40:37Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/09/201509:42:19Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/03/201515:30:00Georgia Power marks transmission milestones in Vogtle expansion
06/02/201511:11:10Statement 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