Service Corp.: 2Q Earnings Snapshot
HOUSTON (AP) _ Service Corp. International (SCI) on Monday reported second-quarter profit of $72.3 million.
On a per-share basis, the Houston-based company said it had profit of 39 cents. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 47 cents per share.
The funeral home and cemetery operator posted revenue of $812.6 million in the period.
Service Corp. expects full-year earnings in the range of $1.84 to $2.02 per share.
Service Corp. shares have increased 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $47.13, a rise of 25% in the last 12 months.