Service Corporation International Announces Q3 Results and Lowers Annual Earnings Guidance
SCI Service Corp International
$73.17 -0.77%
View chart & analysis → - 1SCI adjusted earnings per share for the third quarter rose more than 11% year-over-year to $0.97 from $0.87.
- 2SCI pre-need cemetery sales volume grew 5% during the quarter.
- 3Management lowered the annual earnings guidance to reflect rising operating costs and declining funeral demand.
So what's the key point?
SCI's third-quarter earnings per share increased to $0.97. However, the company lowered its annual profit outlook due to rising operating costs and a decrease in funeral demand.
Source The Motley Fool +1 · View original ↗
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