Company posts better-than-expected profit but falls short on revenue

  • Sempra Energy’s stock fell 3% after revenue fell short of estimates
  • Net income for the third quarter was $721 million, up from $485 million in the year-earlier period
  • Adjusted per-share earnings came to $1.08, above the $1.01 consensus
  • Revenue fell to $3.334 billion from $3.617 billion, below the $3.680 billion consensus
  • Sempra Energy raised its full-year EPS guidance and expects adjusted EPS to come in at the high end of its range
  • The stock has fallen 7% in the year to date, while the S&P 500 has gained 12%

Sempra Energy’s stock fell 3% after the company reported better-than-expected third-quarter profit but revenue that fell short of estimates. The company’s net income for the quarter was $721 million, up from $485 million in the same period last year. Adjusted per-share earnings came to $1.08, beating the consensus of $1.01. However, revenue fell to $3.334 billion, below the consensus of $3.680 billion. Sempra Energy raised its full-year EPS guidance and expects adjusted EPS to come in at the high end of its range. The stock has fallen 7% year-to-date, while the S&P 500 has gained 12%.

Factuality Level: 8
Factuality Justification: The article provides specific financial information about Sempra Energy’s third-quarter profit and revenue, including comparisons to previous periods and consensus estimates. The information is sourced from the company’s official statements and FactSet consensus. There is no apparent bias or opinion presented in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about Sempra Energy’s third-quarter profit and revenue, as well as its guidance for full-year EPS. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data, but it does not hold powerful people accountable or explore the consequences of decisions.
Financial Relevance: Yes
Financial Markets Impacted: Sempra Energy Inc.’s stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Sempra Energy Inc. and its impact on the stock market. There is no mention of any extreme event.
Public Companies: Sempra Energy (SRE)
Key People:

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