Carriage Services: Q4 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Carriage Services Inc. (CSV) on Wednesday reported fourth-quarter net income of $11.6 million.

The Houston-based company said it had profit of 75 cents per share. Earnings, adjusted for non-recurring costs, came to 77 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The provider of funeral and cemetary services and products posted revenue of $98.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $93.3 million.

For the year, the company reported profit of $33.4 million, or $2.14 per share. Revenue was reported as $382.5 million.

Carriage Services expects full-year earnings in the range of $2.20 to $2.30 per share, with revenue in the range of $380 million to $390 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