CoreCivic (CXW) Misses Q3 FFO by 1c

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CoreCivic Reports Third Quarter 2018 Financial Results

November 5, 2018 4:15 PM EST

Revises 2018 Guidance to Position for Growth Prospects

NASHVILLE, Tenn., Nov. 05, 2018 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE:  CXW) (the Company) announced today its financial results for the third quarter of 2018.

Third Quarter 2018 Highlights

Total revenue of $462.7 million, up 4.5%  from the prior year quarterNet income of $41.0 million, Adjusted Net Income of $43.0 millionStrong performance by both diversifying segments:-  CoreCivic Properties revenue of $15.3 million, up 50% from the prior year quarter-  CoreCivic Community revenue of $25.1 million, up 31% from the prior year quarterDiluted EPS of $0.34,... More