StoneMor Inc. Reports Second Quarter Financial Results
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StoneMor Inc (STON) Reports Q2 Loss of $0.04
August 13, 2020 4:02 PM EDTStoneMor Inc (NYSE: STON) reported Q2 EPS of ($0.04), versus $0.00 reported last year. Revenue for the quarter came in at $70.7 million versus the consensus estimate of $85.58 million.
SECOND QUARTER FINANCIAL PERFORMANCE
Revenues for the second quarter were $70.7 million compared to $78.5 million in the second quarter in the prior year. Six-month revenues were $142.0 million compared to $150.0 million in the prior year period. When adjusted to exclude revenues from properties divested since January 1, 2019, revenues for the quarter and six months ended June 30, 2020 were $70.7 million and $140.5 million, respectively, compared to revenues of $73.9 million and $141.8 million, respectively,... More