Sempra Energy (NYSE:SRE) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.23 on revenue of $2.94B. Analysts polled by expected EPS of $1.13 on revenue of $2.71B. That compared to EPS of $1.04 on revenue of $2.68B in the same period a year earlier. The company had reported EPS of $1.35 on revenue of $2.56B in the previous quarter.
For the year, Sempra Energy shares are up 5.87%, outperforming the S&P 500 which is up 2.67% year to date.
Sempra Energy follows other major Utilities sector earnings this month
On October 23, NextEra Energy reported third quarter EPS of $2.18 on revenue of $4.42B, compared to forecasts of EPS of $2.15 on revenue of $4.91B.
Duke Energy earnings beat analyst's expectations on Friday, with third quarter EPS of $1.65 on revenue of $6.63B. analysts expected EPS of $1.52 on revenue of $6.58B
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