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Stock Market & Financial Investment News

News Breaks
February 7, 2013
17:54 EDTCXWCorrections Corp. raises FY13 adjusted EPS view to $2.05-$2.15, consensus $1.62
Sees FY13 adjusted FFO $2.72-$2.87. Expected annual dividend $2.04-$2.16 per share. The company's guidance includes an estimate of the impact from ongoing annual REIT compliance costs of $2M- $4M. Guidance excludes charges associated with the one-time REIT conversion costs, debt refinancing expenses, reversal of certain deferred tax items resulting from the REIT conversion and shares of common stock issued as part of the special dividend. During 2013, the company expects to invest approximately $85M to $100M in capital expenditures.
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