Navient (NAVI) Misses Q1 EPS by 2c

Navient (NASDAQ: NAVI) reported Q1 EPS of $0.48, $0.02 worse than the analyst estimate of $0.50.

"We're pleased to begin our first full year as Navient by helping more recent college graduates successfully transition into repayment," said Jack Remondi, president and CEO, Navient. "Private credit quality also continued to improve, leading to a lower loan loss provision. During the quarter, we continued to make investments to enhance our service to clients and customers, and we continue to deliver on our growth plan by welcoming Gila to our family of top-performing asset recovery firms, adding 600 clients and accelerating our growth in business process outsourcing."

For the first-quarter 2015, GAAP n

For earnings history and earnings-related data on Navient (NAVI) click here.

You May Also Be Interested In

• Citrini flags overheating concerns as leverage, chip rally weigh on KOSPI
• UBS Reiterates Buy Rating on General Motors (GM) as Defense Opportunity in Focus
• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity