CCA Updates Guidance

CCA CXW is raising its third quarter Diluted Earnings Per Share (EPS) guidance to a range of $0.37 to $0.38 from $0.31 to $0.33, and its fourth quarter EPS guidance to a range of $0.33 to $0.35 from $0.31 to $0.33. As a result, CCA is now expecting Adjusted Earnings Per Share (Adjusted EPS) for the full-year 2010 to be in the range of $1.34 to $1.37, compared to previous guidance of $1.26 to $1.30. CCA is also raising its full year Adjusted Funds From Operations Per Diluted Share guidance to a range of $2.15 to $2.23. Adjusted EPS for the full-year 2010 excludes goodwill impairment charges of $1.7 million, or $0.02 per diluted share, associated with the termination of the contracts to manage the Gadsden Correctional Institution and the Hernando County Jail, which charges were reported during the second quarter of 2010.