Nelnet Beats Estimate
Nelnet Inc.(NYSE:NNI) reported third-quarter 2011 earnings per share of $1.22, eleven cents ahead of the Zacks Consensus Estimate but down from the prior-year quarter’s earnings by a penny. Nelnet’s results reflected the benefits from the diversification of revenue through fee-based businesses. Provisions for loan losses as well as expenses also dropped during the quarter. However, [...]
Nelnet Inc.(NYSE:NNI) reported third-quarter 2011 earnings per share of $1.22, eleven cents ahead of the Zacks Consensus Estimate but down from the prior-year quarter’s earnings by a penny.
Nelnet’s results reflected the benefits from the diversification of revenue through fee-based businesses. Provisions for loan losses as well as expenses also dropped during the quarter. However, a fall in investment interest income was the downside.
On a GAAP basis, Nelnet’s third-quarter net income stood … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards