Aug 2 (Reuters) - Sempra Energy reported a better-than-expected quarterly profit, as it earned more from its San Diego Gas & Electric utility.
Second-quarter earnings for the San Diego Gas & Electric utility, which caters to about 3.4 million people in California, rose by a third to $95 million.
The company’s overall second-quarter earnings fell to $62 million, or 25 cents per share, from $503 million, or $2.09 per share, a year earlier.
Excluding items, profit was 98 cents per share.
Analysts on average had expected a profit of 81 cents per share, according to Thomson Reuters I/B/E/S.
Revenue fell 14 percent to $2.08 billion.