Service Corp.: 3Q Earnings Snapshot
HOUSTON (AP) _ Service Corp. International (SCI) on Wednesday reported third-quarter earnings of $70.8 million.
The Houston-based company said it had net income of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The funeral home and cemetery operator posted revenue of $769.2 million in the period.
Service Corp. expects full-year earnings in the range of $1.90 to $2 per share.
Service Corp. shares have risen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.50, a rise of 11% in the last 12 months.