Corrections Corp Of America (CXW) Posts Quarterly Results
Corrections Corp Of America (NYSE:CXW) issued its quarterly earnings data on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $410.69 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Corrections Corp Of America updated its Q3 guidance to $0.47-0.51 EPS and its FY14 guidance to $1.87-1.93 EPS.
Shares of Corrections Corp Of America (NYSE:CXW) traded up 1.50% during mid-day trading on Wednesday, hitting $33.09. 634,947 shares of the company’s stock traded hands. Corrections Corp Of America has a 52-week low of $30.37 and a 52-week high of $38.13. The stock has a 50-day moving average of $33.10 and a 200-day moving average of $32.80. The company has a market cap of $3.851 billion and a price-to-earnings ratio of 22.00.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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