Service Corp. International Reports Q4 Earnings Beat
Houston-based Service Corp. International (SCI) announced fourth-quarter net income of $151.4 million, or $1.04 per share. Adjusted for one-time items, earnings reached $1.06 per share, surpassing analysts' expectations of $1.05 per share.
Revenue of $1.09 billion also exceeded forecasts of $1.08 billion. For the full year, SCI reported profit of $518.6 million ($3.53 per share) on revenue of $4.19 billion.
The company projects full-year earnings in the range of $3.70 to $4.00 per share.