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Southern announced earnings per share of $0.78 on revenue of $5.02B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $5.47B. That with comparison to EPS of $0.7 on revenue of $5.41B in the same period a year before. Southern had reported EPS of $0.27 on revenue of $4.91B in the previous quarter. Analysts are expecting EPS of $0.8 and revenue of $5.2B in the upcoming quarter.
Southern shares are down 9% from the beginning of the year , still down 19.31% from its 52 week high of $71.10 set on January 31. They are broadly in line with the S&P 500 which is down 9.4% year to date.
Southern’s report follows an earnings beat by NextEra Energy on April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.27 on revenue of $4.64B.
Enterprise Products Partners LP had beat expectations on Wednesday with first quarter EPS of $0.53 on revenue of $7.48B, compared to forecast for EPS of $0.52 on revenue of $8.25B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
