reported third-quarter earnings that beat analysts' estimates.
The company posted earnings for the latest third quarter of $668 million, or $1.03 a share, compared with $622 million, or 91 cents a share, for the same period a year ago. After charges related to taking
public and other nonoperating items, earnings came in at $614 million, or 95 cents a share. Analysts expected the company to earn 92 cents a share for the quarter, according to
First Call/Thomson Financial
Revenue for the quarter rose to $7.48 billion from $3.74 billion a year ago.
After adjusting for transition costs and the sale of 19.7% of Southern Energy, Southern Co. expects to earn about $2.10 a share in 2000. Wall Street is expecting the company to earn $2.05 a share for the year.