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 and are trading at $119.93 , down-from-52-week-high.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 Wednesday, April 22, 2020, 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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