HOUSTON (AP) — HOUSTON (AP) — Carriage Services Inc. (CSV) on Wednesday reported fourth-quarter net income of $9.9 million.
The Houston-based company said it had profit of 62 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The provider of funeral and cemetary services and products posted revenue of $97.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $95.9 million.
Carriage Services expects full-year earnings in the range of $3.10 to $3.30 per share, with revenue in the range of $400 million to $410 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSV at https://www.zacks.com/ap/CSV
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