The GEO Group Reports Second Quarter 2020 Results and Issues Updated Financial and Dividend Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/1/2026
- Wall St set to slip as US-Iran tensions cloud start to second half
- Meta Platforms stock surges 8% on cloud business plans
- Oil falls as markets await outcome of Iran-US talks, US stocks data
- S&P 500, Nasdaq register best quarter since 2020 despite Iran war
- Dollar firm at 1-year highs as Euro Inflation cools; yen in Intervention zone
- S&P 500, Nasdaq register best quarter since 2020 despite Iran war
- Cantor Fitzgerald Starts Forward Industries (FWDI) at Overweight
- DISH DBS files prepackaged chapter 11 to repay debt, wind down wireless
- NVIDIA stock gains as SemiAnalysis sees H2 data center revenue 20% above consensus
- Boeing commercial jet deliveries and production disrupted by widespread IT outage - Air Current
GEO Group (GEO) Expects to Cut Dividend
August 6, 2020 8:54 AM EDTGEO Group (NYSE: GEO) expects to reduce quarterly dividend to $0.34 per share, $1.36 per share annualized.
"Beginning with our next quarterly dividend payment in October 2020, we expect to declare quarterly dividend payments of $0.34 per share, or $1.36 per share annualized, solely within the... More
GEO Group (GEO) Tops Q2 EPS by 36c, Revenues Miss; Offers FY20 EPS Guidance
August 6, 2020 7:21 AM EDTGEO Group (NYSE: GEO) reported Q2 EPS of $0.36, $0.36 better than the analyst estimate of $0.00. Revenue for the quarter came in at $587.8 million versus the consensus estimate of $613.97 million.
Second Quarter 2020 Highlights
Total revenues of $587.8 millionNet Income Attributable to GEO of $36.7 million or $0.31 per diluted shareAdjusted Net Income of $0.36 per diluted shareNet Operating Income of $149.1 millionNormalized FFO of $0.51 per diluted shareAFFO of $0.66 per diluted shareGeorge C. Zoley, Chairman and Chief Executive Officer of GEO, said, During the second quarter, we experienced some favorable cost trends... More
