2024.02.1221:27:00UTC+00Service Corp. International Q4 Profit Increases, beats estimates

Service Corp. International (SCI) has announced an increase in earnings for its fourth quarter, compared to last year, exceeding Wall Street's predictions. The company's net profit amounted to $138.40 million, or $0.93 per share, a significant increase from last year's fourth-quarter earnings of $92.31 million, or $0.59 per share.

Upon excluding unusual items, Service Corp. International posted adjusted earnings of $138.4 million or $0.93 per share for the quarter. This beat the average estimate of analysts who expected the company to earn $0.91 per share. These estimates typically ignore extraordinary factors.

In terms of revenue, the company reported a 2.9% increase for the quarter, bringing in $1.06 billion, up from $1.03 billion during the same period last year.

To summarize the earnings of Service Corp. International (according to GAAP):

- Earnings for Q4: $138.40 million. This is a substantial increase compared to $92.31 million from last year.

- EPS for Q4: $0.93, exceeding the previous year's $0.59.

- Analysts had anticipated an EPS of $0.91.

- Revenue for Q4: Up to $1.06 billion from $1.03 billion last year.