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BATESVILLE — Hillenbrand Inc., which provides funeral products and services, said Wednesday its fiscal third-quarter profit fell slightly on lower burial demand and a weak flu and pneumonia season.
The company earned $25.4 million, or 41 cents per share, in the quarter ended June 30, down from profit of $26.7 million, or 42 cents per share, during the same period a year prior. Revenue fell 3.8 percent to $158.7 million from $165 million.
Analysts polled by Thomson Reuters expected profit of 41 cents per share.
Hillenbrand owns the Batesville Casket Co.
The company reaffirmed its full-year outlook, but said financial results would likely be closer to the low end of its forecast. The company still expects profit between $1.57 and $1.70 per share on revenue between $650 million and $670 million. Analysts expect profit of about $1.66 per share.
