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SAN DIEGO (AP) — SAN DIEGO (AP) — Sempra Energy (SRE) on Thursday reported first-quarter profit of $969 million.
On a per-share basis, the San Diego-based company said it had profit of $3.07. Earnings, adjusted for non-recurring gains, came to $2.92 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.
The natural gas and electricity provider posted revenue of $6.56 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.03 billion.
Sempra expects full-year earnings in the range of $8.60 to $9.20 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a SRE">Zacks stock report on SRE at https://www.zacks.com/ap/SRE