Why These 10 Firms Nosedived Today

5. The GEO Group, Inc. (NYSE:GEO)

The GEO Group fell by 10.04 percent on Wednesday to end at $27.32 apiece as investors soured on its dismal earnings performance during the first quarter of the year.

In its financial statement, The GEO Group, Inc. (NYSE:GEO) said net income fell by 13.9 percent to $19.5 million from $22.67 million in the same period last year, while revenues slightly dipped to $604 million from $605 million year-on-year.

Looking ahead, the company expects higher operating expenses and capital expenditures “to position our company for future growth.” It said the move is expected to lay in during the second half of the year and normalize in 2026.

“We also remain focused on reducing our net debt, deleveraging our balance sheet, and positioning our company to explore opportunities to return capital to shareholders in the future. In 2025, we expect to reduce our total net debt by approximately $150 million to $175 million, bringing our total net debt to approximately $1.54 billion,” said The GEO Group Inc. (NYSE:GEO) Executive Chairman George Zoley.