Shares of Navient (NASDAQ:NAVI) moved higher by 12.97% in after-market trading after the company reported Q2 results.
Earnings per share rose 22.97% over the past year to $0.91, which beat the estimate of $0.47.
Revenue of $329,000,000 rose by 11.15% from the same period last year, which beat the estimate of $272,000,000.
Navient hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
52-week high: $15.67
Company's 52-week low was at $4.07
Price action over last quarter: Up 37.12%
Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.
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