Service Corporation International (SCI) reported third-quarter net income attributable to stockholders of $31.2 million compared to $14.6 million last year. Earnings per share increased to $0.12 from $0.06 a year ago.
Income from continuing operations increased to $30.562 million from $14.772 million last year.
Earnings from continuing operations excluding special items increased to $32.4 million or $0.13 per share from $23.9 million or $0.09 per share last year.
On average, 5 analysts polled by Thomson Reuters expected the company to report profit of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $497.2 million from $516.4 million last year. Analysts expected revenue of $480.73 million for the quarter.
The company expects fourth-quarter earnings per share from continuing operations excluding special items in a range of $0.09-$0.11.
The updated fiscal 2009 earnings per share from continuing operations excluding special items guidance is a range of $0.46-$0.48.
The company expects fiscal 2010 earnings per share from continuing operations excluding special items in a range of $0.45-$0.53.
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