CoreCivic (CXW) Soars 3.15% on Strong Earnings

CoreCivic (CXW) shares surged 3.15% intraday, marking a two-day winning streak with a total gain of 2.87%. The stock price reached its highest level since January 2025, reflecting strong investor sentiment.

CoreCivic's recent earnings report has been a significant driver of its stock price increase. The company reported revenues of $479.3 million, which, while showing a 2.4% year-on-year decrease, still managed to outperform analyst estimates. This performance has been well-received by investors, who have responded positively to the company's strong earnings per share (EPS) beat.

Investors have also taken note of CoreCivic's overall performance over the past three years, which has resulted in decent returns of 74%. This long-term performance, coupled with the recent earnings report, has contributed to the positive investor sentiment and the subsequent rise in the stock price.