Sempra Energy Q1 adjusted earnings Miss Estimates

(RTTNews) - Sempra Energy (SRE) released earnings for first quarter that decreased from the same period last year.

The company's profit totaled $347 million, or $1.33 per share. This compares with $441 million, or $1.75 per share, in last year's first quarter.

Excluding items, Sempra Energy reported adjusted earnings of $372 million or $1.43 per share for the period.

Analysts had expected the company to earn $1.65 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.3% to $2.96 billion from $3.03 billion last year.

Sempra Energy earnings at a glance:

-Earnings (Q1): $372 Mln. vs. $438 Mln. last year. -EPS (Q1): $1.43 vs. $1.74 last year. -Analysts Estimate: $1.65 -Revenue (Q1): $2.96 Bln vs. $3.03 Bln last year.