The GEO Group Inc. Q1 adjusted earnings Beat Estimates

The GEO Group Inc. (GEO) revealed earnings for its first quarter that advanced from the same period last year.

The company's bottom line came in at $50.48 million, or $0.41 per share. This compares with $25.12 million, or $0.21 per share, in last year's first quarter.

Excluding items, The GEO Group Inc. reported adjusted earnings of $34.08 million or $0.28 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.8% to $576.37 million from $605.17 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q1): $34.08 Mln. vs. $28.81 Mln. last year.
-EPS (Q1): $0.28 vs. $0.24 last year.
-Analysts Estimate: $0.19
-Revenue (Q1): $576.37 Mln vs. $605.17 Mln last year.

Full year EPS guidance: $2.23-$2.31
Full year revenue guidance: $2.23 - $2.25 Bln

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