Shares of The GEO Group, Inc. (GEO), a diversified government service provider, are falling more than 12% Tuesday morning despite reporting better-than-expected fourth-quarter results.
The company reported a profit of $41.53 million, or $0.29 per share in the furth quarter compared with a loss of $49.8 million or $0.41 per share in the previous-year quarter.
Excluding one-time items, earnings were $42.1 million, or $0.34 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.26 per share.
Adjusted Funds From Operations, however, declined to $71.86 million or $0.58 per share from $79.64 million or $0.66 per share last year.
Revenue for the quarter increased to $620.7 million from $557.5 million last year. The consensus estimate was for $604.4 million.
GEO, currently at $10.78, has traded in the range of $5.21-$12.44 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.