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Cornell Companies Reports Fourth-Quarter Earnings Above Guidance Provides Earnings Guidance for First Quarter and Full Year 2010

By Real Cost of Prisons Project (The Sentencing Project)

Cornell Companies Reports Fourth-Quarter Earnings Above Guidance Provides Earnings Guidance for First Quarter and Full Year 2010 Feb. 24, 2010 HOUSTON, Feb 24, 2010 (GlobeNewswire via COMTEX) -- Cornell Companies, Inc. /quotes/comstock/13*!crn/quotes/nls/crn (CRN 18.71, -1.95, -9.44%) today reported results for the three and twelve months ended December 31, 2009, and provided guidance for the first quarter and full year for 2010. James E. Hyman, Cornell's chairman, president and chief executive officer, said, "In the fourth quarter, Cornell executed both operationally and financially to cap another strong year in sustaining the growth in value to shareholders. In particular, we successfully completed the construction of our new Hudson Correctional Facility (Hudson) in Colorado and rapidly ramped the initial population under our contract with the Alaska Department of Corrections...continue to full post

Full post as published by The Real Cost of Prisons Weblog on February 25, 2010 (boomark / email).