The GEO Group Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - The GEO Group Inc. (GEO) released a profit for its third quarter that advanced from last year.

The company's profit came in at $39.29 million, or $0.33 per share. This compares with $38.49 million, or $0.31 per share, in last year's third quarter.

Excluding items, The GEO Group Inc. reported adjusted earnings of $45.63 million or $0.38 per share for the period.

Analysts had expected the company to earn $0.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $583.53 million from $566.76 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q3): $45.63 Mln. vs. $42.03 Mln. last year. -EPS (Q3): $0.38 vs. $0.34 last year. -Analysts Estimate: $0.36 -Revenue (Q3): $583.53 Mln vs. $566.76 Mln last year.

-Guidance: Full year EPS guidance: $2.47 - $2.49