Nelnet (NNI) Misses Q3 EPS by 11c, Revenues Miss

Nelnet (NYSE: NNI) reported Q3 EPS of $1.14, $0.11 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $239.95 million versus the consensus estimate of $244.73 million.

"We are pleased with the operating results and performance of our core businesses," said Jeff Noordhoek, chief executive officer of Nelnet. "A year after the acquisition agreement was announced, we are pleased with the progress we have made with Great Lakes to provide an exceptional borrower experience. Our payment processing business rebranded its K-12 businesses and consistently increases its revenue yearly. Our ALLO Communications business is ahead of schedule in the build-out of its fiber network in Lincoln and is experiencing strong demand for its products. We are also pleased to add a talented leader to our board and again increase our quarterly dividend."

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

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