Compass Point Cuts Price on Navient (NAVI) Following a Weak Pre-Announcement
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Market Wrap: Markets Gain on Greek Deal; Einhorn Gets Bearish on Netflix; Merger Monday
July 13, 2015 5:31 PM EDTMarket wrap for July 13th
End of the Day: S&P 500 up 23.0 to 2,099.60; Dow Jones up 217.3 to 17,977.68; Nasdaq up 73.8 to 5,071.51
Market Brief: U.S. markets rose Monday following Greece and its creditors coming to terms over a third bailout agreement. Greece won funding of a possible 86 billion euros ($95.29 billion) over three years, while creditors will also work with the country to meet funding gaps until the bailout is ready. The complete Eurogroup statement can be downloaded... More
After Hours Stocks Movers 7/13: (SLP) (CLSN) (OCUL) HIGHER; (NAVI) (SAVE) (AXS) (more...)
July 13, 2015 5:26 PM EDTSimulations Plus (NASDAQ: SLP) 13.3% HIGHER; reported Q3 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $5.94 million versus the consensus estimate of $5.56 million.
Navient (NASDAQ: NAVI) 12.2% LOWER; 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... More
Navient (NAVI) Guides Q2 EPS Below Expectations, Cuts FY15 EPS Outlook
July 13, 2015 4:16 PM EDTNavient (NASDAQ: NAVI) 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.
*** The Street sees Q2 EPS of $0.55 and FY15 EPS of $2.20.
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... MoreNavient (NAVI) halted with news pending
July 13, 2015 4:11 PM EDTNavient (NASDAQ: NAVI) halted with news pending.
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