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.
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.
Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive