US stocks move: Service10 plunges on October 29, full-year guidance lowered and Q3 earnings below expectations
Bitget异动解读2026/10/29 13:51Service 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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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