Service Corporation International Announces Third Quarter 2019 Financial Results And Confirms Earnings Outlook And Raises Cash Flow Guidance

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Go back to Service Corporation International Announces Third Quarter 2019 Financial Results And Confirms Earnings Outlook And Raises Cash Flow Guidance

Service Corp (SCI) Misses Q3 EPS by 1c, Revenues Miss; Offers FY19 EPS Guidance

October 30, 2019 5:12 PM EDT

Service Corp (NYSE: SCI) reported Q3 EPS of $0.37, $0.01 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $769.2 million versus the consensus estimate of $790.05 million.

Quarterly Summary:

Diluted earnings per share were $0.38 in the third quarter of 2019 compared to $0.37 in the third quarter of 2018. The current period was impacted by a $9.1 million loss on early extinguishment of debt and a $9.5 million increase in net losses on divestiture and impairment charges, offset by a significant decrease in our effective tax rate. Diluted earnings per share excluding special items were $0.37 for the... More