HOUSTON (AP) — HOUSTON (AP) — Service Corp. International (SCI) on Wednesday reported third-quarter profit of $117.5 million.
The Houston-based company said it had profit of 83 cents per share. Earnings, adjusted for non-recurring costs, were 87 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The funeral home and cemetery operator posted revenue of $1.06 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.
Service Corp. expects full-year earnings in the range of $3.70 to $4 per share.
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