logo
  

GEO Group Increases Q4 & FY20 Guidance - Quick Facts

The GEO Group, Inc. (GEO) said, for the fourth quarter, the company expects net income to be in a range of $0.23 to $0.25 per share; adjusted net income in a range of $0.24 to $0.26; and AFFO in a range of $0.55 to $0.57 per share.

For full year 2020, the company expects: net income in a range of $1.07 to $1.09 per share; adjusted net income to be in a range of $1.21 to $1.23 per share; and AFFO to be in a range of $2.43 to $2.45 per share. The company expects full year 2020 revenues to be approximately $2.35 billion.

Third quarter net income per share was $0.33, compared to $0.39, a year ago. Adjusted net income per share was $0.37, compared to $0.44. AFFO per share was $0.67, compared to $0.72.

Third quarter total revenues were $579.1 million compared to $631.6 million, prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Royal Caribbean Group's ultra-luxury brand Silversea Cruises is set to launch the world's first hybrid-powered cruise ship in the summer of 2023. This will also be the first ship with large-scale fuel cell technology to enable emission-free port operations. The fuel cells will provide 100% of power while at port. Affco USA is recalling around 24,461 pounds of frozen raw lamb shoulder products that were not presented for import re-inspection into the U.S., the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced. The recall involves the frozen raw lamb shoulder items that were imported on July 12, 2021. American Express Company (AXP) reported an increase in profit for the third quarter that also topped Wall Street estimates. Consolidated total revenues net of interest expense rose 25 percent year-on-year, primarily reflecting growth in Card Member spending, as well as a rise in the average discount...
Follow RTT