Corrections Corporation Of America Q4 Income Declines 6%

(RTTNews) - Corrections Corporation Of America (CXW) released earnings for fourth quarter that retreated from last year.

The company said its earnings totaled $74.76 million, or $0.63 per share. This was lower than $79.37 million, or $0.67 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.8% to $447.84 million. This was up from $423.48 million last year.

Corrections Corporation Of America earnings at a glance:

-Earnings (Q4): $74.76 Mln. vs. $79.37 Mln. last year. -Earnings Decline (Y-o-Y): -5.8% -EPS (Q4): $0.63 vs. $0.67 last year. -EPS Decline (Y-o-Y): -6.0% -Analysts Estimate: $0.59 -Revenue (Q4): $447.84 Mln vs. $423.48 Mln last year. -Revenue Change (Y-o-Y): 5.8%