Funeral service provider Stewart Enterprises (STEI -3%) trades lower after its FQ3 earnings...

|About: Stewart Enterprises, Inc. (STEI)|By:, SA News Editor

Funeral service provider Stewart Enterprises (STEI -3%) trades lower after its FQ3 earnings misses estimates late yesterday, despite a near doubling of Y/Y profit from a multimillion-dollar legal settlement. Reduced demand for burial items and services due to an increase in cremation is blamed for the miss.