HOUSTON (AP) _ Carriage Services Inc. (CSV) on Wednesday reported first-quarter net income of $12.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Houston-based company said it had profit of 71 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 81 cents per share.

The provider of funeral and cemetary services and products posted revenue of $96.6 million in the period.

Carriage Services expects full-year earnings to be $2.53 per share.

Carriage Services shares have risen 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.03, more than doubling in the last 12 months.

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