SAN DIEGO (AP) — SAN DIEGO (AP) — Sempra (SRE) on Thursday reported second-quarter profit of $797 million.
On a per-share basis, the San Diego-based company said it had profit of $1.21. Earnings, adjusted for non-recurring gains, came to $1.16 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The natural gas and electricity provider posted revenue of $3 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $3.22 billion.
Sempra expects full-year earnings in the range of $4.80 to $5.30 per share.
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