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Why Southern Company Stock Fell 4.5% after Q2 Results

Vincent Kruger
Why Southern Company Stock Fell 4.5% after Q2 Results

Southern Company (SO) stock tumbled 4.5% after the utility reported its second-quarter earnings on August 8. The utility reported EPS of -$0.15 for the second quarter compared to EPS of -$1.38 in the comparable quarter last year. After the earnings report, Southern Company stock lost all of its gains this year with a steep one-day fall.