Sempra Energy Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Sempra Energy (SRE) revealed a profit for second quarter that Decreased from last year but beat the Street estimates.

The company's bottom line came in at $461 million, or $0.71 per share. This compares with $713 million, or $1.12 per share, last year.

Excluding items, Sempra Energy reported adjusted earnings of $583 million or $0.89 per share for the period.

Analysts on average had expected the company to earn $0.85 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.4% to $3.000 billion from $3.011 billion last year.

Sempra Energy earnings at a glance (GAAP) :

-Earnings: $461 Mln. vs. $713 Mln. last year. -EPS: $0.71 vs. $1.12 last year. -Revenue: $3.000 Bln vs. $3.011 Bln last year.