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Sempra Q2 adjusted earnings miss consensus estimates by 8 cents

Sempra Energy on Aug. 2 posted adjusted earnings of $309.0 million, or $1.10 per share, in the 2019 second quarter, down from $361.0 million, or $1.35 per share, in the prior-year period.

The results missed the S&P Global Market Intelligence consensus normalized EPS estimate for the quarter of $1.18.

The company reported second-quarter earnings attributable to common shares of $354.0 million, or $1.26 per share, compared to a loss of $561.0 million, or $2.11 per share, in the same quarter a year earlier.

Second-quarter revenues came in at $2.23 billion, rising from $2.18 billion a year earlier.

Looking ahead, Sempra Energy continues to target full-year 2019 adjusted earnings in the range of $5.70 per share to $6.30 per share.