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Southern Company Sees Strong Quarter
Energy provider Southern Company(SO Quote) posted a jump in earnings and revenue Tuesday, as new customers offset weaker demand for electricity.
The company, which serves the southeastern U.S., said third-quarter profit rose to $619 million, or 85 cents per share, from $595 million, or 84 cents a share, in the year-ago period. Analysts had forecast earnings of 78 cents a share, according to Thomson First Call.
Southern's revenue was $3.34 billion compared to $3.25 billion in the same period a year earlier. ...
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