CXW News

Stocks

Headlines

CoreCivic Reports Decrease in Earnings and Revenue

CoreCivic faces challenges as earnings decline. The company's earnings for the fourth quarter dropped from last year, with EPS falling to $0.17 from $0.23, and revenue declining by 2.4%, reflecting negative trends that could impact investor confidence.

Date: 
AI Rating:   4

Earnings Per Share (EPS): CoreCivic Inc reported a decrease in EPS for the fourth quarter, with a figure of $0.17 compared to $0.23 in the same period last year. This decline in EPS indicates potential challenges in the company's profitability and could result in a negative perception among investors.

Revenue Growth: The company experienced a revenue decline of 2.4%, from $491.2 million last year to $479.3 million this year. This reduction in revenue may raise concerns regarding the company's growth potential and overall market demand for its services.

Given the combination of declining EPS and revenue, CoreCivic’s financial performance may draw scrutiny from investors, causing potential volatility in its stock price moving forward.