Corrections Corporation Of America Q4 Profit Declines

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

The company said its earnings came in at $46.89 million, or $0.40 per share. This was down from $60.71 million, or $0.52 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.1% to $440.58 million. This was down from $464.13 million last year.

Corrections Corporation Of America earnings at a glance:

-Earnings (Q4): $46.89 Mln. vs. $60.71 Mln. last year. -Earnings Decline (Y-o-Y): -22.8% -EPS (Q4): $0.40 vs. $0.52 last year. -EPS Decline (Y-o-Y): -23.1% -Analysts Estimate: $0.36 -Revenue (Q4): $440.58 Mln vs. $464.13 Mln last year. -Revenue Change (Y-o-Y): -5.1%

-Guidance: Next quarter EPS guidance: $0.31 to $0.33 Full year EPS guidance: $1.41 to $1.49