Service Corporation International Announces Third Quarter Results and Raises Annual Guidance
On October 25, Service Corporation International (SCI) announced its third quarter financial results and updated guidance on their annual earnings expectations. Earnings per share estimates are now between $1.48 and $1.54, which are up from previous forecasts of $1.42 to $1.52. The company expects operating cash flow for the year in the range of $485 million to $515 million.
Sonal caught the news and sent an alert at 4:02 pm. The stock opened on the morning of October 26 at $33.87.The stock price continued to push higher throughout the day and then closed at $35.40. Investors trading on this event earned almost 5% on the event.
The stock price continued to push higher throughout the day and then closed at $35.40. Investors trading on this event earned almost 5% on the event.
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