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HOUSTON - Cornell Companies Inc., a provider of corrections and treatment services to federal and state agencies, on Thursday boosted its profit guidance for its second quarter and the year.
| CRN | 24.76 |  -0.54 |
The company said it now expects to earn between 29 cents to 34 cents per share. Previously, the company expected profit of 27 cents to 31 cents per share.
Cornell said it raised its guidance because of "generally stronger operating results" across its divisions.
The company also increased its guidance for the full 2008 fiscal year. Cornell now anticipates profit of $1.26 to $1.33 per share, up from $1.24 to $1.30 per share.
Analysts polled by Thomson Financial expect profit of $1.27 per share for the year.
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