CoreCivic, Inc. (CXW) Wednesday reported third-quarter net income of $21.1 million or $0.19 per share, compared to $13.9 million or $0.12 per share last year.
Adjusted net income for the third quarter improved to $22.4 million or $0.20 per share, compared with adjusted net income of $15.6 million or $0.14 per share.
Funds From Operations for the third quarter was $47.1 million compared with $38.5 million in the third quarter of 2023.
Normalized FFO, which excludes special items, increased to $47.6 million, or $0.43 per share in the third quarter of 2024, compared with $40.5 million, or $0.35 per diluted share, in the third quarter of 2023.
Analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter.
Looking forward to full year 2024, the company now expects EPS of $0.49 to $0.55, adjusted EPS of $0.69 to $0.75, FFO per share of $1.39 to $1.45 and normalized FFO per share of $1.59 to $1.65.
Previously, the company expected EPS of $0.37 to $0.45, adjusted EPS of $0.58 to $0.66, FFO per share of $1.28 to $1.36 and normalized FFO per share of $1.48 to $1.56.
Analysts currently expect earnings of $0.41 per share for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.