Geo Group: Q3 Earnings Snapshot

BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — Geo Group Inc. (GEO) on Thursday reported third-quarter net income of $49.2 million.

The Boca Raton, Florida-based company said it had profit of 37 cents per share. Earnings, adjusted for non-recurring costs, came to 39 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The private prison operator posted revenue of $761.1 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $777.6 million.

Geo Group expects full-year earnings in the range of $1.40 to $1.44 per share, with revenue in the range of $2.98 billion to $3.03 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEO at https://www.zacks.com/ap/GEO