Southern Q2 2024 Adj. EPS $1.10 Beats $0.92 Estimate, Sales $6.463B Beat $6.099B Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern (NYSE:SO) reported Q2 2024 adjusted EPS of $1.10, beating the $0.92 estimate and showing a 39.24% increase from last year. Sales were $6.463 billion, surpassing the $6.099 billion estimate and marking a 12.44% year-over-year increase.
August 01, 2024 | 11:32 am
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Southern (NYSE:SO) reported strong Q2 2024 earnings with an adjusted EPS of $1.10, beating the $0.92 estimate by 19.57%. Sales also exceeded expectations at $6.463 billion, a 12.44% increase year-over-year.
Southern's Q2 2024 earnings significantly exceeded analyst expectations for both EPS and sales. The strong performance, with a 39.24% increase in EPS and a 12.44% increase in sales year-over-year, is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100