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; [email protected]

Stock News for Southern (SO)
DateTimeHeadline
03/24/201717:32:44Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/16/201709:07:00X-energy Moves their Xe-100 Advanced Reactor into Conceptual...
03/16/201708:41:36Current Report Filing (8-k)
03/14/201709:31:45Statement of Changes in Beneficial Ownership (4)
03/14/201709:30:23Statement of Changes in Beneficial Ownership (4)
03/13/201710:30:00Refueling activities and performance enhancements underway at...
03/09/201713:50:42Amended Statement of Changes in Beneficial Ownership (4/a)
03/09/201713:50:14Amended Statement of Changes in Beneficial Ownership (4/a)
03/02/201716:34:10Current Report Filing (8-k)
03/01/201711:48:16Statement of Changes in Beneficial Ownership (4)
03/01/201711:47:23Statement of Changes in Beneficial Ownership (4)
03/01/201711:45:40Statement of Changes in Beneficial Ownership (4)
02/28/201717:16:00Plant Hatch Unit 2 completes record-setting refueling outage...
02/24/201710:00:00Georgia Power Simple Solar now available
02/24/201709:00:00Paula Marino inducted into Alabama Engineering Hall of Fame
02/23/201703:03:00Southern's 'Clean Coal' Plant May Not Be Cost-Efficient -- WSJ
02/22/201717:26:00Southern Co.'s New 'Clean Coal' Plant May Not Be Cost-Efficient...
02/22/201708:56:21Current Report Filing (8-k)
02/22/201708:37:00Southern Co. Profit Falls
02/22/201706:45:00Southern Company reports fourth-quarter and full-year 2016 earnings

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US