Southern Q2 Adj. EPS $0.79 Beats $0.74 Estimate, Sales $5.75B Miss $6.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern (NYSE:SO) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.74 by 6.76%. However, the company's quarterly sales of $5.75 billion missed the analyst consensus estimate of $6.82 billion by 15.72%. This represents a 26.17% decrease in earnings and a 20.23% decrease in sales compared to the same period last year.
August 04, 2023 | 12:59 pm
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Southern's Q2 earnings beat estimates but sales fell short, representing a decrease in both earnings and sales compared to the same period last year.
While Southern beat earnings estimates, the miss on sales and the decrease in both earnings and sales compared to the same period last year could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100