HOUSTON (AP) — HOUSTON (AP) — Service Corp. International (SCI) on Wednesday reported fourth-quarter net income of $151.4 million.
The Houston-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, were $1.06 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.
The funeral home and cemetery operator posted revenue of $1.09 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $1.08 billion.
For the year, the company reported profit of $518.6 million, or $3.53 per share. Revenue was reported as $4.19 billion.
Service Corp. expects full-year earnings in the range of $3.70 to $4 per share.
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