BUZZ-Geo Group falls after trimming 2024 profit forecast

Reuters05-08

** Shares of government-services provider Geo Group fall ~8% to $13

** Co cuts 2024 profit forecast to range of $55 mln to $75 mln from previous range of $110 mln to $125 mln

** Reaffirms revenue forecast at $2.40 bln

** Reflects an $86 mln loss on extinguishment of debt, pre-tax, as a result of refinancing transactions during Q2 2024

** Co posts Q1 revenue of $605.70 million vs Wall Street estimates of $603.90 million

** Shares up 22.7% YTD

(Reporting by Aishwarya Jain in Bengaluru)

((Aishwarya.Jain@thomsonreuters.com;))

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