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Nelnet: 3Q Earnings Snapshot

LINCOLN, Neb. (AP) _ Nelnet Inc. (NNI) on Thursday reported third-quarter profit of $42.9 million.

The Lincoln, Nebraska-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring costs, came to $1.14 per share.

The education services company posted revenue of $456.5 million in the period. Its adjusted revenue was $276.4 million.

Nelnet shares have risen almost 2 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.75, a rise of 8 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NNI at https://www.zacks.com/ap/NNI