Nelnet (NNI) Tops Q1 EPS by 31c

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Go back to Nelnet (NNI) Tops Q1 EPS by 31c

Nelnet Reports First Quarter 2018 Results

May 8, 2018 4:16 PM EDT

LINCOLN, Neb., May 8, 2018 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $113.9 million, or $2.78 per share, for the first quarter of 2018, compared with GAAP net income of $50.0 million, or $1.18 per share, for the same period a year ago.

Net income, excluding derivative market value and foreign currency transaction adjustments, was $68.3 million, or $1.67 per share, for the first quarter of 2018, compared with $52.2 million, or $1.23 per share, for the same period in 2017. For additional information on these non-GAAP metrics, including reconciliations to GAAP net income, see "Non-GAAP Performance... More