AP NEWS

Sempra: 4Q Earnings Snapshot

February 27, 2020 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRE at https://www.zacks.com/ap/SRE