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Company still in discussions about potential sale of Government Services businesses Company still in discussions about potential sale of Government Services businesses
Navient's (NAVI) Q2 earnings benefit from reduced expenses and a solid-liquid profile. However, lower NII and other income act as headwinds.
While the top- and bottom-line numbers for Navient (NAVI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HERNDON, Va., July 24, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today posted its 2024 second quarter financial results. Complete financial results are available on the company's website at Navient.com/investors. The materials will also be available on Form 8-K on the SEC's website at www.sec.gov.
Lower NII due to high interest rates and weakened consumer loan demand are likely to have hurt Navient's (NAVI) second-quarter 2024 performance.
HERNDON, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its 2024 second quarter financial results on Wednesday, July 24, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.
HERNDON, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2024 second quarter dividend of $0.16 per share on the company's common stock.
Navient (NAVI) faces challenges with regulatory changes and a year-over-year decline in servicing revenues. Also, high debt levels compared with liquidity position acts as a headwind.
Although the revenue and EPS for Navient (NAVI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
A rise in the total other income and a fall in expenses aid Navient's (NAVI) first-quarter 2024 earnings.