financetom
Business
financetom
/
Business
/
GEO Group Q1 Adjusted Net Income, Revenue Fall; Issues Q2 Revenue, 2024 Adjusted Net Income Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GEO Group Q1 Adjusted Net Income, Revenue Fall; Issues Q2 Revenue, 2024 Adjusted Net Income Outlook
May 7, 2024 7:10 AM

09:38 AM EDT, 05/07/2024 (MT Newswires) -- GEO Group ( GEO ) reported Q1 adjusted net income Tuesday of $0.18 per diluted share, down from $0.22 a year earlier.

Four analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended March 31 was $605.7 million, down from $608.2 million a year earlier.

Four analysts surveyed by Capital IQ expected $603.8 million.

For Q2, GEO said it expects revenue of $600 million to $610 million. Four analysts polled by Capital IQ expect $608.8 million.

For full-year 2024, the diversified government service provider said it expects adjusted net income of $0.87 to $1.02 per diluted share. Four analysts polled by Capital IQ expect $1.03. Revenue for the year is expected to be roughly $2.4 billion, unchanged from its prior outlook. Four analysts surveyed by Capital IQ expect $2.45 billion.

Geo shares were down nearly 5% in recent trading.

Price: 13.71, Change: -0.72, Percent Change: -4.99

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tractor Supply misses quarterly sales estimates on weak demand
Tractor Supply misses quarterly sales estimates on weak demand
Jul 25, 2024
July 25 (Reuters) - Farming supplies retailer Tractor Supply ( TSCO ) missed analyst estimates for second-quarter sales on Thursday, hit by tepid demand for its products including truck tools and fertilizers. Demand for the company's higher-margin discretionary items, such as lawn mowers, generators and consumables such as livestock, fell as value-seeking consumers prioritized spending on daily essentials amid inflationary...
LKQ Q2 Adjusted Earnings Fall, Revenue Rises; Trims FY24 Earnings Outlook; Shares Decline
LKQ Q2 Adjusted Earnings Fall, Revenue Rises; Trims FY24 Earnings Outlook; Shares Decline
Jul 25, 2024
07:45 AM EDT, 07/25/2024 (MT Newswires) -- LKQ (LKQ) reported Q2 adjusted earnings Thursday of $0.98 per diluted share, down from $1.09 a year earlier. Analysts polled by Capital IQ expected $1.03. Revenue for the quarter ended June 30 was $3.71 billion compared with $3.45 billion a year earlier. Analysts surveyed by Capital IQ expected $3.87 billion. The company trimmed...
Universal Music Group shares drop 30% as streaming growth disappoints
Universal Music Group shares drop 30% as streaming growth disappoints
Jul 25, 2024
(Reuters) - Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter. The shares fell 30% at one point and were down 26% by 1058 GMT, on track for their biggest one-day loss ever. The move has wiped off some 13.6 billion...
Hasbro's Q2 Adjusted Earnings Rise, Revenue Drops
Hasbro's Q2 Adjusted Earnings Rise, Revenue Drops
Jul 25, 2024
07:45 AM EDT, 07/25/2024 (MT Newswires) -- Hasbro ( HAS ) reported Q2 adjusted earnings of $1.22 per diluted share on Thursday, up from $0.49 a year earlier. Analysts polled by Capital IQ expected $0.76. Revenue for the quarter ended June 30 was $995.3 million compared with $1.21 billion a year earlier. Analysts surveyed by Capital IQ expected $943.4 million....
Copyright 2023-2025 - www.financetom.com All Rights Reserved