Investing.com - Sempra Energy (NYSE:SRE) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sempra Energy announced earnings per share of $1.65 on revenue of $2.53B. Analysts polled by Investing.com anticipated EPS of $1.5 on revenue of $2.45B.
Sempra Energy shares are down 17.47% from the beginning of the year and are trading at $125.02 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.34% from the start of the year.
Sempra Energy follows other major Utilities sector earnings this month
Sempra Energy's report follows an earnings beat by NextEra Energy on Friday, July 24, 2020, who reported EPS of $2.61 on revenue of $4.2B, compared to forecasts EPS of $2.5 on revenue of $5.17B.
Dominion Energy had beat expectations on Friday with second quarter EPS of $0.82 on revenue of $3.59B, compared to forecast for EPS of $0.79 on revenue of $3.98B.
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