Service Corp. tops Street 4Q forecasts

HOUSTON (AP) _ Service Corp. International (SCI) on Monday reported fourth-quarter profit of $66.2 million.

The Houston-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The funeral home and cemetery operator posted revenue of $809.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $801.4 million.

For the year, the company reported profit of $177 million, or 90 cents per share. Revenue was reported as $3.03 billion.

Service Corp. expects full-year earnings in the range of $1.29 to $1.43 per share.

Service Corp. shares have climbed 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $29.55, a rise of 36 percent in the last 12 months.


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Keywords: Service Corp., Earnings Report