Navient (NAVI) Q1 Earnings Beat on Lower Expenses, NII Dips
Navient(NAVI) Zacks Investment Research·2024-04-24 23:30
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.Navient’s GAAP net income was $73 million. It recorded a net income of $111 million in the prior-year qua ...