Service Corp.: 4Q Earnings Snapshot
HOUSTON (AP) _ Service Corp. International (SCI) on Monday reported fourth-quarter earnings of $193 million.
On a per-share basis, the Houston-based company said it had net income of $1.04. Earnings, adjusted for pretax gains and non-recurring gains, came to 54 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 56 cents per share.
The funeral home and cemetery operator posted revenue of $820.8 million in the period.
For the year, the company reported profit of $447.2 million, or $2.39 per share. Revenue was reported as $3.19 billion.
Service Corp. expects full-year earnings in the range of $1.84 to $2.02 per share.
Service Corp. shares have increased 14 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.