Corrections Corporation of America (CXW) Tops Q1 FFO by 3c

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Go back to Corrections Corporation of America (CXW) Tops Q1 FFO by 3c

CCA Reports First Quarter 2016 Financial Results

May 4, 2016 4:15 PM EDT

NASHVILLE, Tenn., May 04, 2016 (GLOBE NEWSWIRE) -- CCA (NYSE: CXW) (the Company or Corrections Corporation of America), America's largest owner of partnership correctional, detention, and reentry facilities, announced today its financial results for the first quarter of 2016.

First Quarter 2016 Highlights

Revenue of $447.4 million increased 5.0% from the prior year quarterDiluted EPS of $0.39 and Adjusted Diluted EPS of $0.40Normalized FFO per diluted share of $0.60AFFO per diluted share of $0.61

"We are pleased with our first quarter financial performance, which exceeded... More