Sempra Energy (SRE) Releases Earnings Results, Misses Expectations By $-0.18 EPS

Sempra Energy (SRE) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.79 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $0.97. The company posted revenue of $2156.00 million in the period, compared to analysts expectations of $2616.55 million. The company’s revenue was down -8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Sempra Energy closed down -0.82 points or -0.73% at $110.79 with 4,98,511 shares getting traded on Tusday. Post opening the session at $111.2, the shares hit an intraday low of $110.24 and an intraday high of $111.21 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 9, 2016, William D /ca/ Jones (director) sold 10,000 shares at $109.69 per share price. According to the SEC, on May 9, 2016, Mark A Snell (President) sold 50,000 shares at $103.99 per share price. On Mar 4, 2016, William G Ouchi (director) sold 5,000 shares at $97.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International which includes Sempra South American Utilities and Sempra Mexico segments and Sempra U.S. Gas & Power which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment includes the operating companies of the Company’s subsidiary Infraestructura Energetica Nova S.A.B. de C.V. as well as certain holding companies and risk management activity. SoCalGas and SDG&E sell distribute and transport natural gas. The Company’s units distribute electricity. SoCalGas also provides natural gas storage services.

Sempra Energy

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