Nelnet (NNI) Tops Q1 EPS by 2c

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Nelnet Reports First Quarter 2016 Results

May 5, 2016 4:19 PM EDT

LINCOLN, Neb., May 5, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $48.0 million, or $1.11 per share, for the first quarter of 2016, compared with GAAP net income of $64.8 million, or $1.40 per share, for the same period a year ago.

Excluding derivative market value and foreign currency adjustments, net income was $61.7 million, or $1.43 per share, for the first quarter of 2016, compared with $63.4 million, or $1.37 per share, for the same period in 2015. The company reported an expense from derivative market value and foreign currency adjustments of $13.7 million after tax,... More