Sempra: 4Q Earnings Snapshot
SAN DIEGO (AP) _ Sempra Energy (SRE) on Thursday reported fourth-quarter earnings of $447 million.
The San Diego-based company said it had profit of $1.55 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The natural gas and electricity provider posted revenue of $2.94 billion in the period.
For the year, the company reported profit of $2.1 billion, or $7.29 per share. Revenue was reported as $10.8 million.
Sempra expects full-year earnings in the range of $6.70 to $7.50 per share.
Sempra shares have fallen 3% since the beginning of the year, while the Standard & Poor’s 500 index has dropped 3.5%. The stock has risen 24% in the last 12 months.