Corrections Corporation Of America Q1 Profit Retreats 10%

(RTTNews) - Corrections Corporation Of America (CXW) announced earnings for first quarter that fell compared to the same period last year.

The company said its earnings came in at $71.99 million, or $0.61 per share. This was lower than $79.82 million, or $0.68 per share, in last year's first quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.0% to $447.39 million. This was up from $426.00 million last year.

Corrections Corporation Of America earnings at a glance:

-Earnings (Q1): $71.99 Mln. vs. $79.82 Mln. last year. -Earnings Decline (Y-o-Y): -9.8% -EPS (Q1): $0.61 vs. $0.68 last year. -EPS Decline (Y-o-Y): -10.3% -Analysts Estimate: $0.58 -Revenue (Q1): $447.39 Mln vs. $426.00 Mln last year. -Revenue Change (Y-o-Y): 5.0%