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

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

Nelnet Reports First Quarter 2015 Results

May 7, 2015 4:15 PM EDT

LINCOLN, Neb., May 7, 2015 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $64.8 million, or $1.40 per share, for the first quarter of 2015, compared with GAAP net income of $73.8 million, or $1.59 per share, for the same period a year ago.

Excluding derivative market value and foreign currency adjustments, net income was $63.4 million, or $1.37 per share, for the first quarter of 2015, compared with $72.6 million, or $1.56 per share, for the same period in 2014.  The company reported income from derivative market value and foreign currency adjustments of $1.3 million after tax, or $0.03... More