Quantcast

The GEO Group Inc. Q2 adjusted earnings Inline With Estimates


Shutterstock photo


(RTTNews.com) - The GEO Group Inc. ( GEO ) revealed a profit for its second quarter that increased from last year.

The company's bottom line came in at $37.42 million, or $0.31 per share. This compares with $30.99 million, or $0.25

	 per share, in last year's 

second quarter.

Excluding items, The GEO Group Inc. reported adjusted earnings of $40.19 million or $0.33 per share for the period.


Analysts had expected the company to earn $0.33	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $583.51 million from $577.07 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q2): $40.19 Mln. vs. $38.84 Mln. last year. -EPS (Q2): $0.33 vs. $0.32 last year. -Analysts Estimate: $0.33

-Revenue (Q2): $583.51 Mln vs. $577.07 Mln last year.

<b>-Guidance</b>:

Next quarter EPS guidance: $0.35 - $0.37
Next quarter revenue guidance: $585- $590 Mln
Full year EPS guidance: $1.32 - $1.36
Full year revenue guidance: $2.3 Bln

For comments and feedback: contact editorial@rttnews.com

http://www.rttnews.com




This article appears in: Politics , Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: GEO ,



More from RTT News

Subscribe






See All RTT news











Research Brokers before you trade

Want to trade FX?