StoneMor Inc. Reports Third Quarter Financial Results
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StoneMor Inc (STON) Reports Q3 Loss of $0.07, Revenues Miss
November 12, 2020 4:10 PM ESTStoneMor Inc (NYSE: STON) reported Q3 EPS of ($0.07), versus ($1.10) reported last year. Revenue for the quarter came in at $76.9 million versus the consensus estimate of $85.58 million.
THIRD QUARTER FINANCIAL PERFORMANCE
Revenues for the third quarter were $76.9 million compared to $73.2 million in the third quarter in the prior year. Nine-month revenues were $218.8 million compared to $223.1 million in the prior year period. When adjusted to exclude revenues from properties divested since January 1, 2019, revenues for the quarter and nine months ended September 30, 2020 were $76.8 million and $217.3 million, respectively, compared to revenues of $69.2... More