Energy services holding company Sempra Energy reported a marginal spike in its revenue for fourth quarter 2017 of 3.2% to $2.96 billion from $2.87 billion a year ago. The company reported a loss of $501 million or $1.99 per share compared to a profit of $379 million or $1.51 per share a year earlier. Adjusted earnings per share improved 1.31% to $1.54 per share from $1.52 per share in the same period in 2016.
Outlook
For 2018, Sempra Energy affirmed its earnings per share guidance range of $5.30 to $5.80, reflecting both accretion from the expected closing of the Oncor transaction and the impact of federal tax reform.
The company said its California utilities are executing on their robust capital programs to reinforce their systems and filed their General Rate Case applications for 2019.
Most Popular
Important takeaways from Paychex’s (PAYX) Q2 2025 earnings report
Paychex Inc. (NASDAQ: PAYX), a leading provider of human resources and payroll services, reported better-than-expected revenue and profit for the second quarter of fiscal 2025, sending the stock higher soon
Lamb Weston’s (LW) challenges may not end soon, a few points to note
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) turned red in mid-day trade on Friday. The stock has dropped 19% in the past one month. The company delivered disappointing results
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
