US stocks move: Service10 plunges on October 29, full-year guidance lowered and Q3 earnings below expectations

Service October 29 Major Drop Analysis

Keywords: Full-year guidance lowered, Q3 earnings below expectations

1. On October 28, SCI announced adjusted earnings per share of $0.97 for the third quarter, below market expectations of $0.98–$0.99. Revenue for the quarter was $1.107 billion, up 4.63% year-on-year, but core cemetery income was below expectations.

2. On October 28, the company lowered its adjusted earnings per share guidance for fiscal year 2026 to $3.94–$4.04, down from $4.10–$4.30, which is below analysts’ expectations of $4.19.

3. On October 28, the company projected adjusted earnings per share of $1.10–$1.20 for the fourth quarter, below analysts’ expectations of $1.33. The financial report also showed rising healthcare and sales costs, core cemetery income below expectations, and margin pressure.

(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)