ATLANTA (dpa-AFX) - Southern Co. (SO) reported first quarter 2012 earnings of $368 million, or $0.42 per share, down from $422 million, or $0.50 per share, in the first quarter of 2011.
Earnings were negatively affected by warmer-than-normal weather during the first quarter of 2012, partially offset by retail revenue effects in the company's traditional business.
First quarter 2012 revenues were $3.60 billion, compared with $4.01 billion for the first quarter of 2011, a 10.2 percent decrease.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share on revenues of $4.05 billion for the quarter. Analysts' estimates typically exclude special items.
Total energy sales to customers, including wholesale sales, decreased 7.3 percent in the first quarter of 2012 compared with the first quarter of 2011.
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