Geo Group Inc. (GEO) reported a fourth-quarter profit of $31.8 million, or 23 cents per share, aligning with Wall Street expectations after adjustments. The private prison operator’s revenue for the quarter was $707.7 million, exceeding analyst forecasts. For the full year, Geo Group posted a profit of $254.4 million and projected future revenues between $680 million and $690 million for the current quarter.
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Geo Group: Q4 Earnings Snapshot
Geo Group Inc. (GEO) reported a fourth-quarter profit of $31.8 million, or 23 cents per share, aligning with Wall Street expectations after adjustments. The private prison operator’s revenue for the quarter was $707.7 million, exceeding analyst forecasts. For the full year, Geo Group posted a profit of $254.4 million and projected future revenues between $680 million and $690 million for the current quarter.