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Why GEO Group Stock Was Falling Today

Why GEO Group Stock Was Falling Today

Shares of The GEO Group (NYSE: GEO) were pulling back today after the private-prison real estate investment trust (REIT) beat estimates on the top line but missed on the bottom line in the fourth quarter. The GEO Group, which operates prisons and other detention facilities in the U.S., U.K., Australia, and South Africa, said revenue in the fourth quarter rose 11% to $620.7 million, which topped the analyst consensus at $604.4 million.