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-0.000938086303939942 0 0.000469043151970055 -0.000938086303939942 -0.00281425891181983 -0.00469043151969971 -0.0253283302063789 -0.0464352720450281
Stock impact report

Why Navient (NAVI) Shares Are Plunging Today [Yahoo! Finance]

Navient Corporation (NAVI) 
Last navient corporation earnings: 4/21 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
Company Research Source: Yahoo! Finance
Navient reported a GAAP loss per share of $0.06, a stark reversal from the $0.23 profit in the same quarter last year and significantly below the analyst forecast of $0.32. Revenue for the quarter also fell short, declining 16% year-on-year to $137 million and missing the consensus estimate of $155.8 million. The company's profitability metrics highlighted further weakness. Net interest income came in at $118 million, below the $133.3 million that analysts had anticipated. This culminated in a pre-tax loss of $7 million for the quarter, a clear sign of pressure on the company's core operations, which appeared to undermine investor confidence. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Navient? Access our full analysis report here, it's free Navient's shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for Navient and indica Show less Read more
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