Corrections Corporation of America (CXW) reported fourth-quarter net income of $30.01 million or $0.25 per share, compared to $47.47 million or $0.41 per share, prior year. Adjusted earnings per share was $0.49, for the quarter.
Normalized FFO was $79.4 million, or $0.67 per share compared to $72.8 million, or $0.62 per share, during the fourth quarter of 2013. AFFO was $76.8 million, or $0.65 per share, during the fourth quarter of 2014.
On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.
Revenue decreased to $423.48 million from $431.10 million last year. Analysts expected revenue of $412.06 million for the quarter.
The company currently expects EPS for the first quarter to be in the range of $0.44 to $0.45, while FFO and AFFO per share to be in the range of $0.62 to $0.63 and $0.61 to $0.62, respectively. Analysts expect the company to report first-quarter earnings per share of $0.45.
For the full year 2015, the company expects EPS to be in the range of $1.94 to $2.02, while FFO and AFFO per share to be in the range of $2.67 to $2.75 and $2.62 to $2.69, respectively. Analysts expect the company to report fiscal 2015 earnings per share of $1.96.
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