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The GEO Group Inc. Q1 adjusted earnings Beat Estimates

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

The company's earnings totaled $40.71 million, or $0.34 per share. This compares with $34.99 million, or $0.29 per share, in last year's first quarter.

Excluding items, The GEO Group Inc. reported adjusted earnings of $42.16 million or $0.35 per share for the period.

Analysts had expected the company to earn $0.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $610.67 million from $564.92 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q1): $42.16 Mln. vs. $35.19 Mln. last year.
-EPS (Q1): $0.35 vs. $0.29 last year.
-Analysts Estimate: $0.30
-Revenue (Q1): $610.67 Mln vs. $564.92 Mln last year.

-Guidance:
Full year EPS guidance: $1.44 to $1.50

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