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SCI Systems Misses Forecast by a Nickel

SCI Systems

(SCI) - Get Service Corporation International Report

missed analysts' expectations by a nickel after the market closed today, posting earnings of 37 cents a share.

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According to

First Call/Thomson Financial

, 18 analysts expected the company to earn 42 cents a share. Excluding the amortization of goodwill, the electronics contract manufacturer reported income of 42 cents a share, but First Call, which researches and compiles forecasts, indicated that its estimate included the goodwill costs. SCI posted earnings of 34 cents a share in the year-ago period.

SCI, which is based in Huntsville, Ala., said sales for the second quarter rose 20% to $2.6 billion from $2.2 billion last year.