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Why Geo Group Stock Is Down Today

Lou Whiteman, The Motley Fool
·2-min read
Why Geo Group Stock Is Down Today

First-quarter earnings came in a little weak for Geo Group (NYSE: GEO), and management's guidance suggested some potential downside to Wall Street's full-year expectations. Investors took note, sending shares of the private prison and mental health facility owner down by as much as 10% in Tuesday trading. Geo is a real estate investment trust (REIT) specializing in the design, financing, and development of secure facilities, immigration processing centers, and community reentry centers.

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