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Service Corporation International Q2 Profit Down

Service Corporation International (SCI) Tuesday reported second-quarter net income of $132.7 million or $0.82 per share, down from $157.7 million or $0.92 per share last year.

Adjusted earnings for the quarter were $135.1 million or $0.84 per share, down from $157.4 million or $0.92 per share last year.

Revenues for the quarter rose to $990.9 million from $987.5 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.82 per share on revenues of $947.95 million for the quarter.

Looking forward to full year 2022, the company continues to expect adjusted earnings of $3.30 to $3.70 per share. Analysts currently estimate earnings of $3.52 per share.

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