Nelnet (NNI) Misses Q1 EPS by 14c; Approves 5M Common Stock Buyback Plan

Nelnet (NYSE: NNI) reported Q1 EPS of $1.37, $0.14 worse than the analyst estimate of $1.51.

The Board of Directors has authorized a new stock repurchase program to repurchase up to five million shares of the company's Class A common stock during the three-year period ending May 24, 2018. The current stock repurchase program is set to expire on May 24, 2015. Consistent with the current program, shares may be repurchased under the new program from time to time in the open market or private transactions, and the timing and amount of repurchases will depend on market conditions, share prices, trading volumes, and other factors, including compliance with credit agreements and securities laws.

For earnings history and earnings-related data on Nelnet (NNI) click here.

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