Carriage Services Inc. Q4 Profit Decreases, But Beats Estimates

Carriage Services Inc. (CSV) released earnings for fourth quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $9.86 million, or $0.62 per share. This compares with $11.64 million, or $0.75 per share, last year.

Excluding items, Carriage Services Inc. reported adjusted earnings of $0.62 per share for the period.

Analysts on average had expected the company to earn $0.51 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.1% to $97.70 million from $98.83 million last year.

Carriage Services Inc. earnings at a glance (GAAP) :

-Earnings: $9.86 Mln. vs. $11.64 Mln. last year.
-EPS: $0.62 vs. $0.75 last year.
-Revenue: $97.70 Mln vs. $98.83 Mln last year.

by RTTNews Staff Writer

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