Service Corp. International (SCI) reported earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $118.166 million, or $0.81 per share. This compares with $132.188 million, or $0.86 per share, in last year's second quarter.
Excluding items, Service Corp. International reported adjusted earnings of $115.9 million or $0.79 per share for the period.
Analysts on average had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.1% to $1.034 billion from $1.013 billion last year.
Service Corp. International earnings at a glance (GAAP) :
-Earnings (Q2): $118.166 Mln. vs. $132.188 Mln. last year.-EPS (Q2): $0.81 vs. $0.86 last year.-Revenue (Q2): $1.034 Bln vs. $1.013 Bln last year.
-Guidance:Full year EPS guidance: $3.50 - $3.80
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.