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Stock Market & Financial Investment News

News For GEO From The Last 14 Days
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February 18, 2015
07:57 EDTGEOGeo Group closes acquisition of eight correctional, detention facilities
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07:56 EDTGEOGeo Group sees Q1 adjusted FFO 70c-72c, consensus 74c
Sees Q1 revenue $438M-$445M, including approximately $26M in construction revenue associated with GEO’s contract for the development and operation of the new 1,300-bed Ravenhall Prison Facility in Australia. Consensus is $432.39M. Guidance reflects normal seasonal fluctuations in federal populations as well as approximately 5c-6c per diluted share in additional employment tax expense as a result of the seasonality in unemployment taxes, which are front-loaded in the first quarter of the year. Additionally, first quarter 2015 guidance reflects approximately 1c per share in start-up expenses and approximately $2M in acquisition related expenses.
07:55 EDTGEOGeo Group sees FY15 adjusted FFO $3.35-$3.45, consensus $3.22
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07:53 EDTGEOGeo Group reports Q4 adjusted FFO 81c, consensus 79c
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