Investing.com - Sempra Energy (NYSE:SRE) reported second quarter earnings that missed analysts' expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.1 on revenue of $2.23B. Analysts polled by Investing.com forecast EPS of $1.2 on revenue of $2.78B. That compared to EPS of $1.35 on revenue of $2.56B in the same period a year earlier. The company had reported EPS of $1.92 on revenue of $2.9B in the previous quarter.
For the year, Sempra Energy shares are up 25.34%, outperforming the S&P 500 which is up 19.24% year to date.
Sempra Energy follows other major Utilities sector earnings this month
On Wednesday, July 24, 2019, NextEra Energy reported second quarter EPS of $2.35 on revenue of $4.97B, compared to forecasts of EPS of $2.32 on revenue of $4.71B.
Enterprise Products Partners LP earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.55 on revenue of $8.28B. Investing.com analysts expected EPS of $0.52 on revenue of $8.56B
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