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.
The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday.
WASHINGTON (AP) — New details about the possible effects of the Zika virus on the fetal brain emerged Wednesday as U.S. health officials say mosquito eradication here and abroad is key to protect preg...
WASHINGTON (AP) — President Barack Obama is asking Congress for more than $1.8 billion in emergency funding to fight the Zika virus and the mosquitoes that spread it here and abroad, but says "there s...
A weeklong search for a Missouri couple wanted in a series of robberies and abductions across the South ended with one suspect dead and the other wounded Friday, after authorities say they chased the pair across the highway and through a rural neighborhood and exchanged gunfire with them in Florida's Panhandle.
Cheap oil will be sticking around for a while.That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive...