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Sempra's share price drops after beating Wall Street projections.

Publication: San Diego Business Journal
Publication Date: 17-NOV-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Sempra's share price drops after beating Wall Street projections.(PUBLIC COMPANIES)

Article Excerpt
You know it's a strange market when Sempra Energy reports earnings that easily beat Wall Street projections but its stock still drops $1.75 a share.

For the third quarter, Sempra had net income of $308 million, up 1 percent from the like quarter of 2007. On a per share basis, earnings were $1.24, an increase of 8 percent.

"Given the turmoil and dislocation in the financial markets, we are pleased with our third-quarter results," said Donald Felsinger, Sempra's chairman and CEO.

He may be satisfied, but investors apparently weren't....

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