ATLANTA (AP) -- Southern Co. on Wednesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.<br />
The Atlanta-based power company said profit after paying preferred dividends rose to $611 million, or 68 cents per share, from $297 million, or 34 cents per share, in the same quarter a year ago. The average per-share estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents.<br />
Revenue rose 5.2 percent to $4.47 billion from $4.25 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $4.27 billion, according to Zacks.<br />
CEO Thomas A. Fanning said results indicate the potential for a "broader economic recovery across the Southeast."<br />
Shares fell 20 cents to $44.66 in morning trading Wednesday. Its shares have risen more than 9 percent so far this year through Tuesday's close.<br />
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
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Three school districts in northeast Georgia - Hall, White, and Jefferson - have received national recognition for their use use of innovative technologies. They earned top spots in the Center for Digital Education's and the National School Boards Association's 10th annual Digital School Districts Survey.