Sempra Energy Reports First-Quarter Earnings
CEO Debra Reed Says Company On Track
Posted: 05/03/2012
Last Updated:
413 days ago
San Diego-based Sempra Energy reported first-quarter earnings Thursday of $236 million, or 97 cents per share, down from $ 254 million, or $1.05 per share, for the same period last year.
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The change reflects a change in Sempra's accounting method, according to a company statement.Starting Jan. 1, the company began deferring investment tax credits related to solar-power projects, the statement said.According to Sempra Chief Executive Officer Debra Reed, the company is on track to meet its 2012 earnings-per-share guidance range of $4 to $4.30.Copyright Do you have more information about this story? Click here to contact usCopyright 2012 by City News Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
