HOUSTON (AP) _ Service Corp. International (SCI) on Monday reported first-quarter profit of $228.9 million.
On a per-share basis, the Houston-based company said it had profit of $1.33. Earnings, adjusted for non-recurring gains, came to $1.32 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The funeral home and cemetery operator posted revenue of $1.08 billion in the period.
Service Corp. expects full-year earnings in the range of $2.70 to $3 per share.
Service Corp. shares have climbed almost 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.31, an increase of 49% 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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Service Corp.: Q1 Earnings Snapshot - San Antonio Express-News
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