UPDATE: SCANA Reports 3.7% Rise In Q2 Earnings

SCANA Corp SCG reported downbeat second-quarter earnings. SCANA posted its quarterly profit at $56 million, or $0.44 per share, up from $54 million, or $0.43 per share, in the year-ago period. Its revenue surged 6.5% to $1 billion. However, analysts were expecting earnings of $0.48 per share on revenue of $918 million. SCANA's operating margin narrowed to 14.2% from 14.6%. SCANA shares closed at $38.53 yesterday.