HOUSTON (AP) _ Service Corp. International (SCI) on Monday reported fourth-quarter net income of $201 million.
The Houston-based company said it had net income of $1.15 per share. Earnings, adjusted for non-recurring gains, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The funeral home and cemetery operator posted revenue of $970.3 million in the period.
For the year, the company reported profit of $515.9 million, or $2.88 per share. Revenue was reported as $3.51 billion.
Service Corp. expects full-year earnings to be $2.50 to $2.90 per share.
Service Corp. shares have increased 10% since the beginning of the year. The stock has climbed 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCI at https://www.zacks.com/ap/SCI
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February 16, 2021 at 05:09PM
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