Service Corporation International (SCI) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Service Corporation International (SCI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.29. The company posted revenue of $751.70 million in the period, compared to analysts expectations of $767.11 million. The company’s revenue was down -.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Service Corporation International closed down -0.3 points or -1.06% at $27.95 with 23,67,767 shares getting traded on Thursday. Post opening the session at $28.3, the shares hit an intraday low of $27.07 and an intraday high of $28.3 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Jun 14, 2016, W Blair Waltrip (director) sold 1,424 shares at $27.00 per share price. According to the SEC, on Jun 10, 2016, Steven A Tidwell (Sr.V.P. Sales & Merchandising) sold 69,100 shares at $27.20 per share price. On May 23, 2016, R L Waltrip (Founder & Chairman Emeritus) sold 122,000 shares at $26.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Service Corporation International is a provider of death care products and services. The Company has a network of funeral service locations and cemeteries operating in the United States and Canada. Its funeral service and cemetery operations consist of funeral service locations cemeteries funeral service/cemetery combination locations crematoria and related businesses. The Company’s segments include Funeral and Cemetery. The Company’s brands include Dignity Memorial Dignity Planning National Cremation Society Advantage Funeraria Del Angel Making Everlasting Memories and Neptune Society/Trident Society. The Company sells cemetery property and funeral and cemetery merchandise and services at the time of need and on a pre-need basis. The Company provides professional services relating to funerals and cremations including the use of funeral facilities and motor vehicles and preparation and embalming services.

Service Corporation International

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