Service Corp. International Q1 Earnings Drop 16%

(RTTNews) - Service Corp. International (SCI) released a profit for first quarter that retreated compared to the same period last year.

The company said its earnings fell to $55.3 million, or $0.28 per share. This was lower than $65.6 million, or $0.32 per share, in last year's first quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.2% to $749.3 million. This was up from $748.1 million last year.

Service Corp. International earnings at a glance:

-Earnings (Q1): $55.3 Mln. vs. $65.6 Mln. last year. -Earnings Decline (Y-o-Y): -15.7% -EPS (Q1): $0.28 vs. $0.32 last year. -EPS Decline (Y-o-Y): -12.5% -Analysts Estimate: $0.28 -Revenue (Q1): $749.3 Mln vs. $748.1 Mln last year. -Revenue Change (Y-o-Y): 0.2%