Southern Q3 Adj. EPS $1.42 Beats $1.33 Estimate, Sales $6.98B Miss $8.33B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern (NYSE:SO) reported Q3 earnings of $1.42 per share, beating the analyst consensus estimate of $1.33 by 6.77%. This is an 8.4% increase from the same period last year. However, the company's quarterly sales of $6.98 billion missed the analyst consensus estimate of $8.33 billion by 16.21%, marking a 16.69% decrease from the same period last year.
November 02, 2023 | 11:32 am
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Southern's Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
Southern's earnings beat estimates, which is a positive signal for investors. However, the missed sales estimates and the significant decrease from last year's sales could negatively impact investor sentiment. The mixed results make it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100