Sempra Reports Third-Quarter 2024 Earnings Results
Portfolio Pulse from
Sempra reported a decrease in both GAAP and adjusted earnings for the third quarter of 2024 compared to the same period in 2023. GAAP earnings were $638 million, or $1.00 per share, down from $721 million, or $1.14 per share. Adjusted earnings were $566 million, or $0.89 per share, down from $685 million, or $1.08 per share.
November 06, 2024 | 1:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sempra's third-quarter 2024 earnings decreased compared to the previous year, with GAAP earnings at $638 million and adjusted earnings at $566 million, both lower than Q3 2023 figures.
The decrease in both GAAP and adjusted earnings compared to the previous year is likely to negatively impact Sempra's stock price in the short term as it indicates a decline in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100