By Allison Prang
Southern Co.'s earnings fell but revenue climbed, with the company's top line and adjusted earnings beating Wall Street analyst's estimates.
The energy company's profit was $372 million, down from $612 million. Earnings were 35 cents a share, down from 58 cents a share.
Adjusted earnings were 84 cents a share. According to FactSet, analysts were expecting 79 cents a share.
Revenue was $5.2 billion, up from $4.62 billion. Analysts were expecting $5.05 billion.
Earnings were affected by a $343 million after-tax charge related to Georgia Power's construction of Plant Vogtle units 3 and 4, Southern said.
Operating expenses rose to $4.49 billion in the quarter from $3.56 billion in the comparable period a year ago.
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(END) Dow Jones Newswires