NASHVILLE, TN - Corrections Corp. of America (NYSE: CXW)  an operator of detention homes, has reaffirmed its full year guidance announced earlier, despite the Federal Bureau of Prison's decision to award its Criminal Alien Requirement 5 to Reeves County, Texas.

The company said it expects for the second quarter earnings in the range of $0.55-$0.59 per share, excluding 0.02 per share, net of taxes, for expenses associated with the debt refinancing transactions completed in the first quarter of 2006.

For full year 2006, the company has reaffirmed earnings of $2.20-$2.27 per share. Full-year guidance excludes expenses net of taxes of $0.02 per share on debt refinancing and includes expenses net of taxes of $0.07 per share for stock-based compensation.

Six Street analysts expect earnings of $0.56 per share for the second quarter, while $2.26 per share has been the earnings consensus for year 2006.

The company said although the BOP had opted Reeves County, Texas for CAR 5, CXW expects to open its Stewart facility during the second half of 2006, as it viewed potential new business. CXW also said the BOP's award to Reeves County will require the relocation of a significant number of Arizona inmates currently being housed in the Reeves County Detention Center III. The company said it was equipped with beds to meet the demand of the state of Arizona.