The GEO Group Inc. Reveals 8% Rise In Q3 Bottom Line

(RTTNews) - The GEO Group Inc. (GEO) reported a profit for its third quarter that rose from last year.

The company said its bottom line came in at $71.47 million, or $0.96 per share. This was up from $66.31 million, or $0.90 per share, in last year's third quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.0% to $554.38 million. This was up from $469.87 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q3): $71.47 Mln. vs. $66.31 Mln. last year. -Earnings Growth (Y-o-Y): 7.8% -EPS (Q3): $0.96 vs. $0.90 last year. -EPS Growth (Y-o-Y): 6.7% -Analysts Estimate: $0.75 -Revenue (Q3): $554.38 Mln vs. $469.87 Mln last year. -Revenue Change (Y-o-Y): 18.0%

-Guidance: Full year EPS guidance: $3.65 - $3.67