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Service Corp. International Q4 Profit Increases, beats estimates

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.

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