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Service Corporation International shares plunge 11.6% after cutting 2026 earnings forecast.

Market News
30 Oct 2026, 04:21 WIB
PRNewsWire
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Bearish
Service Corporation International shares plunge 11.6% after cutting 2026 earnings forecast.

Service Corporation International (SCI) lowered its full-year 2026 adjusted earnings per share (EPS) forecast from $4.10-$4.30 to $3.94-$4.04, causing its shares to drop about 11.6% on October 29, 2026. The company cited weaker funeral volumes and higher operating costs as reasons for the downgrade. Third-quarter results slightly missed EPS estimates but beat revenue expectations. An investigation into potential securities law violations is underway, with investors who suffered losses encouraged to review their trades for possible legal action.

Service Corporation International (SCI) is the subject of this update, with Pluang providing a snapshot of the Consumer Staples sector as of Oct 30, 2026 07:41 WIB. Among 63 priced Consumer Staples stocks, 43 rose and 19 fell today. Notable movers include Dollar Tree, Inc. (DLTR) at USD 133.03 with a 4.60% increase, Philip Morris International Inc. (PM) at USD 211.47 with a 4.36% rise and 100% buy order activity, and Krispy Kreme Inc. (DNUT) at USD 3.18 with a 4.26% gain but 100% sell order activity.

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