Sempra Energy reported an increase in its fourth-quarter earnings from the same period last year, surpassing Wall Street predictions. The firm's net income equaled $737 million, or $1.16 per share, an improvement over last year's $438 million, or $0.69 per share recorded in the same quarter.
When not considering other factors, Sempra Energy's adjusted earnings for the term stood at $719 million or $1.13 per share. The average prediction, according to the assembled figures from Thomson Reuters, was for the firm to earn $1.12 per share. It's important to remember that analyst estimates frequently remove extraordinary items from the equation.
There was a slight revenue increase for the quarter, rising 0.9% to reach $3.49 billion, up from $3.46 billion on a year-to-year basis.
To briefly summarize the GAAP earnings of Sempra Energy:
The firm earned $737 million in the fourth quarter versus the $438 million it earned the prior year. The Earnings Per Share (EPS) for Q4 was $1.16, compared to $0.69 last year. The analysts had estimated an EPS of $1.12. The total revenue for Q4 was $3.49 billion, up from $3.46 billion last year.
