Nelnet Profit Falls, But Buys Back
Student lender Nelnet Inc. (NYSE:NNI) reported first-quarter 2012 earnings per share of $1.11, slightly missing the prior-year quarter’s earnings of $1.12 per share. While the company experienced a growth in its top line, a rise in expenses marred that benefit. However, it is encouraging to note that the company has announced a new share buyback [...]
Student lender Nelnet Inc. (NYSE:NNI) reported first-quarter 2012 earnings per share of $1.11, slightly missing the prior-year quarter’s earnings of $1.12 per share. While the company experienced a growth in its top line, a rise in expenses marred that benefit.
However, it is encouraging to note that the company has announced a new share buyback authorization for repurchase of up to 5 million shares over the next three years.
On a GAAP basis, Nelnet’s first-quarter net income stood at $43.1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards