Sempra Energy 4Q Profit Falls, Revenue Rises
February 27 2020 - 8:11AM
Dow Jones News
By Dave Sebastian
Sempra Energy said its profit fell for the fourth quarter,
though revenue increased.
The energy company on Thursday posted net income of $482
million, or $1.55 a share, compared with $900 million, or $3.03 a
share in the comparable quarter last year. Adjusted earnings were
$1.55 a share.
Analysts polled by FactSet were looking for earnings of $1.52 a
share, or $1.48 a share on an adjusted basis.
Revenue for the quarter rose to $2.94 billion from $2.83 billion
in the prior year. Analysts polled by FactSet were looking for $3.6
billion.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 27, 2020 07:56 ET (12:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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