Corrections Corporation Of America Profit Retreats 4% In Q3

(RTTNews) - Corrections Corporation Of America (CXW) announced earnings for third quarter that fell compared to the same period last year.

The company said its profit totaled $74.60 million, or $0.63 per share. This was lower than $77.60 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.63 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 12.6% to $459.96 million. This was up from $408.47 million last year.

Corrections Corporation Of America earnings at a glance:

-Earnings (Q3): $74.60 Mln. vs. $77.60 Mln. last year. -Earnings Decline (Y-o-Y): -3.9% -EPS (Q3): $0.63 vs. $0.66 last year. -EPS Decline (Y-o-Y): -4.5% -Analysts Estimate: $0.63 -Revenue (Q3): $459.96 Mln vs. $408.47 Mln last year. -Revenue Change (Y-o-Y): 12.6%

-Guidance: Next quarter EPS guidance: $0.54 - $0.56 Full year EPS guidance: $2.58 - $2.60