Cornell Companies (CRN) Tops Q4 EPS by 5c, Guides Below for Q1 and FY
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Cornell Companies, Inc. (NYSE: CRN) reports Q4 EPS of $0.33, 5 cents better than estimates. Revenues were $94.13 million vs. $92.3 million consensus.
Management expects first-quarter 2007 earnings to range from $0.01 to $0.05 per share. For the full year, management expects earnings to range from $0.80 to $0.86 per share. This guidance reflects an annual effective tax rate of approximately 42.2. (Q1 EPS consensus is $0.23 and FY EPS consensus is $1.11)
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