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Business Briefing / Energy

Sempra raises profit forecast

March 27, 2009|Times Wire Reports

Sempra Energy, owner of the largest U.S. natural gas utility, said profit would rise to at least $5 a share in 2010, exceeding analyst estimates.

Sempra said it expected 2009 profit of $4.35 to $4.60 a share. The San Diego company was expected to earn $4.93 a share in 2010 excluding costs and one-time gains, according to a Bloomberg survey.

Sempra shares rose $2.13, or 4.9%, to $45.06.

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