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Sempra Energy (SRE) revealed a profit for second quarter that dropped from the same period last year.


RTTNews | Aug 5, 2021 07:05AM EDT

07:05 Thursday, August 5, 2021 (RTTNews.com) - Sempra Energy (SRE) revealed a profit for second quarter that dropped from the same period last year.

The company's earnings came in at $424 million, or $1.37 per share. This compares with $2.24 billion, or $7.61 per share, in last year's second quarter.

Excluding items, Sempra Energy reported adjusted earnings of $504 million or $1.63 per share for the period.

Analysts had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.3% to $2.74 billion from $2.53 billion last year.

Sempra Energy earnings at a glance:

-Earnings (Q2): $504 Mln. vs. $501 Mln. last year.-EPS (Q2): $1.63 vs. $1.71 last year.-Analysts Estimate: $1.61-Revenue (Q2): $2.74 Bln vs. $2.53 Bln last year.

-Guidance:Full year EPS guidance: $7.41- $ 8.01

Read the original article on RTTNews ( https://www.rttnews.com/3216374/sempra-energy-q2-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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