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Why Is CoreCivic (CXW) Stock Down 26% Today?
CXWCoreCivic(CXW) Investor Place·2024-06-11 21:09

CoreCivic says that this termination introduces uncertainties surrounding its financial guidance. As such, the company is suspending its outlook for 2024. It does note that it expects this to have a negative earnings per share impact of 38 cents to 41 cents for the year. CoreCivic says that it has also notified the lessor of the facility about this change. This allows it to leave the lease after 60 days. That matches with the timing of the government contract ending. How This Affects CXW Stock Today With th ...