HOUSTON (AP) — HOUSTON (AP) — Carriage Services Inc. (CSV) on Wednesday reported first-quarter net income of $20.9 million.
On a per-share basis, the Houston-based company said it had profit of $1.34. Earnings, adjusted for non-recurring gains, came to 96 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The provider of funeral and cemetary services and products posted revenue of $107.1 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $102.2 million.
Carriage Services expects full-year earnings in the range of $3.10 to $3.30 per share, with revenue in the range of $400 million to $410 million.
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