Sempra: 1Q Earnings Snapshot

SAN DIEGO (AP) _ Sempra Energy (SRE) on Tuesday reported first-quarter profit of $477 million.

The San Diego-based company said it had profit of $1.59 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.92 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The natural gas and electricity provider posted revenue of $2.9 billion in the period.

Sempra expects full-year earnings in the range of $5.70 to $6.30 per share.

Sempra shares have increased 17% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. The stock has climbed 13% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRE at https://www.zacks.com/ap/SRE