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Southern Co. beats 1Q profit forecasts

ATLANTA (AP) _ Southern Co. (SO) on Wednesday reported first-quarter net income of $669 million.

The Atlanta-based company said it had profit of 66 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The power company posted revenue of $5.77 billion in the period.

Southern Co. expects full-year earnings in the range of $2.90 to $3.02 per share.

Southern Co. shares have risen almost 1 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 7 percent. The stock has decreased roughly 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SO at https://www.zacks.com/ap/SO


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