Service Corp. International (SCI) has announced an increase in earnings for its fourth quarter, compared to last year, exceeding Wall Street's predictions. The company's net profit amounted to $138.40 million, or $0.93 per share, a significant increase from last year's fourth-quarter earnings of $92.31 million, or $0.59 per share.
Upon excluding unusual items, Service Corp. International posted adjusted earnings of $138.4 million or $0.93 per share for the quarter. This beat the average estimate of analysts who expected the company to earn $0.91 per share. These estimates typically ignore extraordinary factors.
In terms of revenue, the company reported a 2.9% increase for the quarter, bringing in $1.06 billion, up from $1.03 billion during the same period last year.
To summarize the earnings of Service Corp. International (according to GAAP):
- Earnings for Q4: $138.40 million. This is a substantial increase compared to $92.31 million from last year.
- EPS for Q4: $0.93, exceeding the previous year's $0.59.
- Analysts had anticipated an EPS of $0.91.
- Revenue for Q4: Up to $1.06 billion from $1.03 billion last year.
