Before the opening bell on Wednesday, Southern Company (SO ) reported lower fourth quarter profits, but matched analysts’ view.
SO’s Earnings in Brief
- SO reported profits of $300 million, or 33 cents per share, down from $414 million, or 47 cents per share, last year.
- Excluding special items, earnings were $343 million, or 38 cents per share – matching analysts’ estimates.
- Total revenue came in at $4.05 billion, up from $3.93 billion last year. Analysts expected to see $3.81 billion in revenue.
SO’s CEO Thomas A. Fanning commented: “Southern Company had one of its best years ever serving customers in 2014. We continued to lead the industry in customer satisfaction and set several all-time records for system reliability. Our commitment to providing clean, safe, reliable and affordable electricity – while making communities better off because we’re there – remains the cornerstone of our business.”
SO will pay its next 52.5 cent dividend on March 6. The stock will go ex-dividend on February 12.
Shares of SO were mostly flat during pre-market trading Wednesday. The stock is up 3.44% YTD.
The Bottom Line
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