02.05.2017 13:05:01

The GEO Group Inc. Q1 Profit Rises 27%

(RTTNews) - The GEO Group Inc. (GEO) released earnings for its first quarter that rose from last year.

The company said its bottom line totaled $42.73 million, or $0.37 per share. This was higher than $33.54 million, or $0.30 per share, in last year's first quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.9% to $550.61 million. This was up from $510.18 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q1): $42.73 Mln. vs. $33.54 Mln. last year. -Earnings Growth (Y-o-Y): 27.4% -EPS (Q1): $0.37 vs. $0.30 last year. -EPS Growth (Y-o-Y): 23.3% -Analysts Estimate: $0.34 -Revenue (Q1): $550.61 Mln vs. $510.18 Mln last year. -Revenue Change (Y-o-Y): 7.9%

-Guidance: Next quarter EPS guidance: $0.31 - $0.33 Full year EPS guidance: $1.34 - $1.41

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