Geo Group Inc's stock surged 19.23% in pre-market trading following the release of its first quarter financial results.
The company reported Q1 revenue of $705.2 million, beating the Ibes estimate of $688.9 million. Geo Group also announced Q1 earnings per share of $0.29, with net income of $38.3 million and adjusted net income of $38.6 million.
Additionally, Geo Group increased its full year 2026 guidance for Adjusted EBITDA to a range of $525-545 million, indicating improved financial expectations for the coming year.
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