Government Service Provider GEO Group Shares Are Higher Today: What’s Going On?



The GEO Group Inc (NYSE:GEO) shares are trading higher after it reported fourth-quarter FY23 revenue of $608.3 million, beating the consensus of $597.5 million.

Adjusted EBITDA fell to $129.0 million from $145.5 million a year ago. Adjusted EPS of $0.29 surpassed the consensus of $0.18.

The company reduced total net debt by $197.0 million, ending the year with approximately $1.78 billion in total net debt.

As of …

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