Nelnet (NNI) Announces Rescheduling of Q3 Report; Cites Accounting Issue

November 4, 2016 6:49 AM EDT
Get Alerts NNI Hot Sheet
Trade NNI Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Nelnet, Inc. (NYSE: NNI) announced it has rescheduled the release of earnings for the third quarter ended September 30, 2016 until after the close of the New York Stock Exchange on Wednesday, November 9, 2016. Due to recent accounting interpretations related to how borrower defaults should be considered in determining the constant prepayment rate used by the company to accrete its net student loan discount, Nelnet is reviewing the recent information and the potential impact on these financial reporting estimates.

Upon release of earnings on November 9, additional earnings information will be available at www.nelnetinvestors.com.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Conference Calls, Corporate News, Earnings

Related Entities

Earnings

Add Your Comment