Reported 1 day ago
GEO Group (GEO) experienced a notable rise in share prices, increasing by 6.31% to close at $26.10 as investors prepared for its upcoming second-quarter earnings report. The company is set to disclose its financial performance, targeting diluted earnings per share between $0.15 and $0.17 on revenues ranging from $615 million to $625 million. Additionally, GEO announced the acquisition of a detention facility in San Diego for $60 million, which is expected to enhance its revenue stream further.
Source: YAHOO