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| Nashville-based private prison, Pleased with Growth |
| By tennessean.com |
| Published: 08/05/2010 |
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Corrections Corporation of America on Wednesday reported a 12 percent increase in its second-quarter earnings and raised its full-year 2010 profit forecast. Separately, the Nashville-based private prison company asked a federal judge to throw out a lawsuit over prison violence in Idaho, saying the inmates bringing the case didn't try to solve their problems through administrative channels before turning to the courts. Second-quarter earnings were $36.6 million, or 32 cents a share for the recent quarter, up from $32.6 million, or 28 cents a share, a year ago. On average, analysts had projected 30 cents a share for the recent quarter that ended June 30. Read More. |
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