04:34 AM EDT, 05/08/2025 (MT Newswires) -- CoreCivic ( CXW ) reported Q1 normalized funds from operations late Wednesday of $0.45 per diluted share, down from $0.46 a year earlier.

Three analysts polled by FactSet expected $0.35.

Revenue for the quarter ended March 31 was $488.6 million compared with $500.7 million a year earlier.

Analysts surveyed by FactSet expected $478.5 million.

The company raised its 2025 funds from operations guidance to $1.72 to $1.82 per diluted share from $1.37 to $1.50. Three analysts surveyed by FactSet expect $1.57 per share.

Shares rose more than 4% in recent premarket activity.