BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — Geo Group Inc. (GEO) on Thursday reported fourth-quarter profit of $31.9 million.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 21 cents. Earnings, adjusted for one-time gains and costs, were 29 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The private prison operator posted revenue of $608.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $597.5 million.
For the year, the company reported profit of $114 million, or 77 cents per share. Revenue was reported as $2.41 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