Southern Co. (SO) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $1.334 billion, or $1.21 per share. This compares with $1.129 billion, or $1.03 per share, last year.
Excluding items, Southern Co. reported adjusted earnings of $1.356 billion or $1.23 per share for the period.
Analysts on average had expected the company to earn $1.19 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.0% to $7.778 billion from $6.646 billion last year.
Southern Co. earnings at a glance (GAAP) :
-Earnings: $1.334 Bln. vs. $1.129 Bln. last year.
-EPS: $1.21 vs. $1.03 last year.
-Revenue: $7.778 Bln vs. $6.646 Bln last year.
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