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Nelnet posts 4Q profit

LINCOLN, Neb. (AP) _ Nelnet Inc. (NNI) on Monday reported fourth-quarter earnings of $98.3 million.

On a per-share basis, the Lincoln, Nebraska-based company said it had net income of $2.32. Earnings, adjusted for non-recurring gains, were $1.05 per share.

The education services company posted revenue of $379.2 million in the period. Its adjusted revenue was $271.9 million.

For the year, the company reported profit of $256.8 million, or $6.02 per share. Revenue was reported as $853.8 million.

Nelnet shares have risen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.92, an increase of 41 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


Keywords: Nelnet, Earnings Report