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The Latest Breaking News from GEO Group

California fines detention center operator $100,000 over immigrants’ working conditions

California regulators levied $104,510 in fines against the private prison operator GEO Group last month after detained immigrant workers at the Golden State Annex in Central California complained about unsafe conditions, including a lack of protective equipment and proper training, while cleaning the facility for $1 per day.

Los Angeles Times

Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In 5 New Announced Q3 Positions

Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In 5 New Announced Q3 Positions

Former hedge fund manager and “Big Short” fame investor Michael Burry made headlines earlier this year when he sold all of his positions except one. Burry added five new positions in the third quarter and increased the position in the lone carryover from the second quarter.

Critic of Biden border policy in line to oversee DHS budget - Roll Call

Critic of Biden border policy in line to oversee DHS budget - Roll Call

Texas Rep. Henry Cuellar is poised to become top Democrat on Homeland Security appropriations next year, to the chagrin of progressives.

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Federal court says California ban on private ICE detention facilities is unconstitutional

LOS ANGELES — A California law banning private prisons and immigrant detention facilities in the state violates the U.S. Constitution when applied to facilities operated on behalf of U.S. Immigration and Customs Enforcement, a federal appellate court ruled Monday.

Los Angeles Times

10 Industrials Stocks Moving In Monday's Intraday Session

Earnings Preview: The GEO Group

The GEO Group (NYSE:GEO) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that The GEO Group will report an earnings per share (EPS) of $0.22.

Stock Wars: CoreCivic Vs. Geo Group

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

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GEO Group Clocks 3.6% Revenue Decline In Q4

GEO Group Clocks 3.6% Revenue Decline In Q4

GEO Group Inc (NYSE:GEO) reported a fourth-quarter revenue decline of 3.6% year-over-year to $557.54 million, missing the consensus of $558.09 million. The operating income increased by 73.9% Y/Y to $76.02 million, and the margin expanded by 608 bps to 13.6%. Adjusted EPS improved to $0.38 from $0.33 a year ago. AFFO per share…

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