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CORRECT: Southern Co Reports First-Quarter Earnings

Southern Co. (SO) reported first-quarter earnings of $368 million, or 42 cents a share, and revenue of $3.6 billion. The company said fuel retail revenue was $1.04 billion, while non-fuel retail revenue was $2.06 billion. Total retail electricity sales fell 5.1%, while total wholesale sales declined 20%. Residential electricity sales dropped 13.7%. Commercial sales dipped 3.1%, but industrial sales grew 1.9%. For the quarter, total kilowatt-hour sales fell 7.3%. On a regional basis, Alabama power revenue fell 7.9% to $1.22 billion. Georgia power fell 12.3% to $1.75 billion. (Headlines between 7:29 a.m. and 7:33 a.m. EDT misstated the figures.)

Stock News for Southern (SO)
10/20/201616:41:10Current Report Filing (8-k)
10/19/201615:53:00Workers at Vogtle nuclear expansion top 25 million safe work...
10/18/201609:54:09Statement of Changes in Beneficial Ownership (4)
10/17/201616:59:00First class of Vogtle 3 & 4 nuclear operators pass NRC licensing...
10/17/201615:30:00Southern Company announces quarterly dividend
10/13/201621:07:00Georgia Power restores power to more than 99 percent of customers...
10/12/201617:48:00Georgia Power restores power to more than 90 percent of customers...
10/12/201616:15:00Southern Company subsidiary announces first tests of clean syngas...
10/12/201614:43:00Georgia Power continues to make progress on ash pond closures
10/12/201613:11:00Alabama Power declares dividends
10/12/201612:39:00Georgia Power restores power to more than 90 percent of customers...
10/11/201618:37:00Georgia Power names Meredith Lackey general counsel
10/11/201613:15:00Georgia Power to restore power for nearly 100 percent of customers...
10/10/201615:42:00Georgia Power to restore power to more than 90 percent of customers...
10/10/201613:06:00Georgia Power to restore power to more than 90 percent of customers...
10/09/201620:14:00Power crews face Hurricane Matthew devastation on first full...
10/09/201610:08:00Hurricane Matthew restoration efforts to continue Sunday
10/08/201620:56:00Update: Georgia Power restores power to 100,000+ customers following...
10/08/201614:29:00Georgia Power re-enters Coastal Georgia, restoration efforts...
10/08/201608:39:00Georgia Power begins Hurricane Matthew restoration efforts

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