Navient (NAVI) Guides Q2 EPS Below Expectations, Cuts FY15 EPS Outlook
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Navient previews second-quarter 2015 earnings, updates 2015 guidance
July 13, 2015 4:15 PM EDTWILMINGTON, Del., July 13, 2015 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today announced that it expects second-quarter 2015 core earnings of approximately $0.40 diluted earnings per share, or GAAP earnings of approximately $0.47 diluted earnings per share. In addition, the company revised its guidance for full-year 2015 core earnings to approximately $1.85 diluted earnings per share.
Expected second-quarter results and the revised core earnings guidance are driven primarily by the following factors:
As a result of aggressive market pricing for private education loan portfolios, the company has removed from 2015 guidance additional private loan acquisitions. The... MoreNavient previews second-quarter 2015 earnings, updates 2015 guidance
July 13, 2015 4:15 PM EDTWILMINGTON, Del., July 13, 2015 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today announced that it expects second-quarter 2015 core earnings of approximately $0.40 diluted earnings per share, or GAAP earnings of approximately $0.47 diluted earnings per share. In addition, the company revised its guidance for full-year 2015 core earnings to approximately $1.85 diluted earnings per share.
Expected second-quarter results and the revised core earnings guidance are driven primarily by the following factors:
As a result of aggressive market pricing for private education loan portfolios, the company has removed from 2015 guidance additional private loan acquisitions. The... More