While reporting the third-quarter financial results, The GEO Group, Inc. (GEO) shared the Board's decision to increase its share repurchase authorization to $500 million.
Additionally, it has extended the expiration date of the program to December 31, 2029.
As of today, the company has approximately $458.4 million of repurchase authorization available under the share repurchase program.
In the pre-market hours, GEO is trading at $17, up 1.13 percent on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.