BRENTWOOD, Tenn., July 01, 2024 (GLOBE NEWSWIRE) -- CoreCivic, Inc. (NYSE: CXW) (the Company) announced today that it will release its 2024 second quarter financial results after the market closes on Wednesday, August 7, 2024. A live broadcast of CoreCivic's conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, August 8, 2024. To participate via telephone and join the call live, please register in advance here https://register.vevent.com/register/BIdd760138
(Bloomberg) -- The shares of CoreCivic Inc. plummeted after US officials moved to close a costly facility used to detain migrants in Dilley, Texas. Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recalls Expose Link to Tainted FactoriesPimco Warns of More Regional Bank Failures on Property PainStocks Rise as Solid Treasury Sale Spurs CPI Bets: Markets WrapCoreCivic, which leases
Shares of CoreCivic tumbled after the prison operator said it received a termination notification for one of its centers that will hurt its earnings. CoreCivic stock fell 20% to $11.84 in morning trading, while shares of Target Hospitality which provides facility and hospitality solutions to the company, tumbled 37% to $6.66. CoreCivic received notification from U.S. Immigration and Customs Enforcement, or ICE, that the agency plans to terminate an agreement between itself and the company for services at the South Texas Family Residential Center in Dilley, Texas, effective in 60 days, or around Aug. 9, according to a press release Monday.