The GEO Group Inc. Q2 Earnings Rise 18%

(RTTNews) - The GEO Group Inc. (GEO) released a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line rose to $67.7 million, or $0.91 per share. This was up from $57.5 million, or $0.78 per share, in last year's second quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.0% to $548.35 million. This was up from $445.95 million last year.

The GEO Group Inc. earnings at a glance:

-Earnings (Q2): $67.7 Mln. vs. $57.5 Mln. last year. -Earnings Growth (Y-o-Y): 17.7% -EPS (Q2): $0.91 vs. $0.78 last year. -EPS Growth (Y-o-Y): 16.7% -Analysts Estimate: $0.82 -Revenue (Q2): $548.35 Mln vs. $445.95 Mln last year. -Revenue Change (Y-o-Y): 23.0%

-Guidance: Next quarter EPS guidance: $0.52 - $0.54 Next quarter revenue guidance: $565 - $570 Mln Full year EPS guidance: $2.02 - $2.07 Full year revenue guidance: $2.18 Bln