Published on 24 Apr 2024 on Zacks via Yahoo Finance
Navient (NAVI) Q1 Earnings Beat on Lower Expenses, NII Dips
Navient Corporation NAVI has reported first-quarter 2024 adjusted earnings per share (excluding regulatory-related and restructuring expenses) of 63 cents, surpassing the Zacks Consensus Estimate of 58 cents. It reported 86 cents in the prior-year quarter.
Results were driven by a rise in total other income and a fall in expenses. However, a decline in net interest income (NII) has affected the results.