CoreCivic Q2 EPS $0.33 Down From $0.34 YoY, Sales $463.68M Miss $467.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
CoreCivic reported Q2 earnings of $0.33 per share, a decrease of 2.94% YoY. The company's quarterly sales were $463.68 million, missing the analyst consensus estimate of $467.44 million by 0.80%. However, this represents a 1.53% increase over sales from the same period last year.
August 07, 2023 | 8:33 pm
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CoreCivic's Q2 earnings per share decreased by 2.94% YoY and sales missed analyst estimates, which could negatively impact the stock price in the short term.
CoreCivic's lower than expected earnings and sales could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100