WASHINGTON (dpa-AFX) - Corrections Corporation of America (CXW) reported that its fourth-quarter net income decreased to $40.52 million from $43.70 million last year. Earnings per share was $0.41 compared to $0.39 prior year.
Funds from operations per share increased to $0.82 from $0.74 last year. Adjusted funds from operations per share was $0.63 compared to $0.57 last year.
Revenue increased to $439.69 million from $432.20 million last year. Adjusted earnings per share increased to $0.41 from $0.39 a year ago.
Analysts polled by Thomson Reuters expected the company to report profit of $0.37 per share on revenue of $436.09 million for the quarter. Analysts' estimates typically exclude special items.
The company expects first-quarter earnings per share to be in the range of $0.32-$0.33, and 2012 earnings per share to be in the range of $1.60-$1.70.
The company expects 2012 adjusted fudns from operations per share to be in the range of $2.35 to $2.50.
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