Geo Group (GEO) reported Q1 adjusted earnings Wednesday of $0.14 per share, down from $0.18 a year earlier.
Five analysts surveyed by FactSet expected $0.19.
Revenue for the quarter ended March 31 was $604.6 million, down from $605.7 million a year earlier.
Five analysts surveyed by FactSet expected $611.8 million.
For the full year, the company said it expects net income attributable to GEO to be in the range of $0.77 to $0.89 per diluted share, up slightly from the prior outlook of $0.74 to $0.88.
Four analysts polled by FactSet expect $1.16.
The company set its 2025 revenue forecast to approximately $2.53 billion, up from its prior outlook of $2.5 billion.
Five analysts surveyed by FactSet expect $2.66 billion.
For the second quarter, GEO expects net income per share in the range of $0.15 to $0.17 per diluted share.
Five analysts polled by FactSet expect $0.23.
The company also expects Q2 revenue between $615 million and $625 million.
Five analysts surveyed by FactSet expect $635.6 million.
Shares of the company were down more than 5.8% in recent Wednesday premarket activity.
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