Corrections Corporation of America (CXW) Tops Q2 FFO by 4c, Offers FY Guidance

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Go back to Corrections Corporation of America (CXW) Tops Q2 FFO by 4c, Offers FY Guidance

CCA Reports Second Quarter 2016 Financial Results

August 3, 2016 4:17 PM EDT

NASHVILLE, Tenn., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Corrections Corporation of America (NYSE: CXW) (the Company or CCA), America's largest owner of partnership correctional, detention, and reentry facilities, announced today its financial results for the second quarter of 2016.

Second Quarter 2016 Highlights

Revenue of $463.3 million increased 0.9% from the prior year quarterDiluted EPS of $0.49Funds From Operations (FFO) per diluted share of $0.69Normalized Funds From Operations (Normalized FFO) per diluted share of $0.69

"Throughout the second quarter we continued to execute on our strategic growth... More