StoneMor Partners L.P. Reports Operating and Financial Results for 2019 First Quarter
StoneMor Inc. (STON)
US:NYSE Investor Relations:
stonemor.com/investors/default.aspx
Company Research
Source: GlobeNewswire
TREVOSE, Pa., May 10, 2019 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE: STON) (“StoneMor” or the “Partnership”), a leading owner and operator of cemeteries and funeral homes, today reported operating and financial results for the 2019 first quarter period ended March 31, 2019. Investors are encouraged to read the Partnership's quarterly report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), which contains additional details, and can be found at www.stonemor.com. FIRST QUARTER FINANCIAL PERFORMANCE Revenues for the first quarter were $71.5 million compared to $77.9 million in the prior year period. Revenue declines were driven primarily by a decrease in interment revenues, while sales of merchandise and services were slightly lower than the prior year period. Investment and other income was consistent with prior year levels.First quarter net loss was $22.5 million compared to $17.9 million in the prior year period. The increased losses in the qu
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