Service Corp. International Q4 Profit Increases, beats estimates

(RTTNews) - Service Corp. International (SCI) released earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $206.50 million, or $1.24 per share. This compares with $201.04 million, or $1.15 per share, in last year's fourth quarter.

Excluding items, Service Corp. International reported adjusted earnings of $194.8 million or $1.17 per share for the period.

Analysts on average had expected the company to earn $0.97 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $1.04 million from $0.97 million last year.

Service Corp. International earnings at a glance (GAAP) :

-Earnings (Q4): $206.50 Mln. vs. $201.04 Mln. last year. -EPS (Q4): $1.24 vs. $1.15 last year. -Analyst Estimate: $0.97 -Revenue (Q4): $1.04 Mln vs. $0.97 Mln last year.