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Corrections Corporation of America (CXW) is a publicly-traded company that operates private correctional and detention facilities in the United States. The company's stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "CXW."

As of February 2023, Corrections Corporation of America (CCA) changed its name to CoreCivic, Inc. to reflect the company's broader focus on providing "safe, secure, and sustainable" solutions for government partners across a range of sectors, including corrections and detention, government real estate, and community corrections.

In terms of financial performance, CoreCivic's revenue for the third quarter of 2022 was $457.8 million, a decrease of 5.3% compared to the same period in 2021. The company's net income for the quarter was $18.1 million, or $0.22 per diluted share, compared to $19.1 million, or $0.23 per diluted share, in the third quarter of 2021.

CoreCivic's earnings have been under pressure in recent years due to declining prison populations and reduced demand for its services from federal and state governments. However, the company has been working to diversify its business and expand into related areas such as government real estate and community corrections.

In terms of growth, CoreCivic has been focusing on expanding its real estate portfolio and exploring new business opportunities. The company has entered into several agreements in recent years to provide real estate and other services to government clients, including the Federal Bureau of Prisons, the U.S. Marshals Service, and various state and local governments.

It's important to note that investing in the stock market always carries risks, and investors should carefully consider a company's financial performance, market conditions, and other factors before making investment decisions. It's recommended to consult with a financial advisor or conduct thorough research before investing in CoreCivic or any other company.

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