Sempra: 3Q Earnings Snapshot
SAN DIEGO (AP) _ Sempra Energy (SRE) on Wednesday reported third-quarter net income of $334 million.
The San Diego-based company said it had profit of 99 cents per share. Earnings, adjusted for asset impairment costs, came to $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The natural gas and electricity provider posted revenue of $2.94 billion in the period.
Sempra expects full-year earnings in the range of $5.30 to $5.80 per share.
Sempra shares have climbed almost 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 3 percent. The stock has declined nearly 5 percent in the last 12 months.