Stock Track | Service Corp. Shares Soar on Q3 Earnings Beat, Despite Revenue Miss

Stock Track

2024-10-31

Shares of Service Corporation International (SCI) surged 5.30% on Thursday morning, after the leading funeral services provider reported better-than-expected earnings for the third quarter of 2024, despite slightly missing revenue expectations.

For the quarter ended September 30, SCI reported adjusted earnings per share (EPS) of $0.79, exceeding analysts' consensus estimate of $0.77. This marked an improvement from the same period last year when the company posted EPS of $0.78.

However, SCI's revenue for the quarter came in at $1.01 billion, narrowly missing the average analyst forecast of $1.02 billion. The company attributed this slight revenue shortfall to challenges faced in certain markets, although specific details were not provided.

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Shares Soar on Q3 Earnings Beat, Despite Revenue Miss\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-31 21:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Service Corporation International (SCI) surged 5.30% on Thursday morning, after the leading funeral services provider reported better-than-expected earnings for the third quarter of 2024, despite slightly missing revenue expectations.</p>\n\n<p>For the quarter ended September 30, SCI reported adjusted earnings per share (EPS) of $0.79, exceeding analysts' consensus estimate of $0.77. 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