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| Financial Stats Released By CCA |
| By tradingmarkets.com |
| Published: 11/05/2010 |
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CCA (NYSE: CXW | PowerRating) (the "Company" or "Corrections Corporation of America"), America's leader in partnership corrections and the nation's largest provider of corrections management services to government agencies, announced today its financial results for the third quarter and nine months ended September 30, 2010. Financial Review - Third Quarter 2010 Compared with Third Quarter 2009 -- Total revenues up 2.8% to $427.2 million from $415.4 million -- Operating income up 10.7% to $85.2 million from $76.9 million -- Adjusted Diluted EPS up 15.2% to $0.38 from $0.33 -- Adjusted Funds From Operations Per Diluted Share up 6.8% to $0.63 from $0.59 -- EBITDA increased 9.1% to $111.5 million from $102.2 million For the third quarter of 2010, CCA generated net income of $42.0 million, or $0.38 per diluted share, compared with net income of $45.3 million, or $0.39 per diluted share, for the third quarter of 2009. Net income in the prior year quarter included unusual income tax benefits of $7.0 million primarily for the reversal of reserves for uncertain tax positions. Excluding these tax benefits, net income per diluted share ("Adjusted Diluted EPS") increased $0.05 from $0.33 in the prior year quarter, an increase of 15.2% Read More. |
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