Investing.com - Sempra Energy (NYSE:SRE) reported third quarter earnings that beat analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.5 on revenue of $2.76B. Analysts polled by Investing.com forecast EPS of $1.47 on revenue of $2.94B. That compared to EPS of $1.23 on revenue of $2.94B in the same period a year earlier. The company had reported EPS of $1.1 on revenue of $2.23B in the previous quarter.
For the year, Sempra Energy shares are up 33.57%, outperforming the S&P 500 which is up 22.63% year to date.
Sempra Energy follows other major Utilities sector earnings this month
On Tuesday, October 22, 2019, NextEra Energy reported third quarter EPS of $2.39 on revenue of $5.57B, compared to forecasts of EPS of $2.29 on revenue of $5.16B.
Southern earnings beat analyst's expectations on Wednesday, with third quarter EPS of $1.34 on revenue of $6B. Investing.com analysts expected EPS of $1.15 on revenue of $6.18B
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