Investing.com - Sempra Energy (NYSE:SRE) reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sempra Energy announced earnings per share of $3.08 on revenue of $3.03B. Analysts polled by Investing.com anticipated EPS of $2.24 on revenue of $3.15B. That with comparison to EPS of $1.92 on revenue of $2.9B in the same period a year before. Sempra Energy had reported EPS of $1.55 on revenue of $2.94B in the previous quarter. Analysts are expecting EPS of $1.26 and revenue of $2.46B in the upcoming quarter.
Sempra Energy shares are down 20.83% from the beginning of the year , still down 25.91% from its 52 week high of $161.87 set on February 3. They are under-performing the S&P 500 which is down 12.76% year to date.
Sempra Energy follows other major Utilities sector earnings this month
Sempra Energy's report follows an earnings beat by NextEra Energy on April 22, who reported EPS of $2.38 on revenue of $4.61B, compared to forecasts EPS of $2.37 on revenue of $4.64B.
Southern had beat expectations on Thursday with first quarter EPS of $0.78 on revenue of $5.02B, compared to forecast for EPS of $0.71 on revenue of $5.47B.
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