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Stock impact report

Nelnet Reports Fourth Quarter 2018 Results

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: PR Newswire
LINCOLN, Neb., Feb. 27, 2019 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $21.6 million, or $0.53 per share, for the fourth quarter of 2018, compared with GAAP net income of $48.1 million, or $1.17 per share, for the same period a year ago.The decrease in GAAP net income for the three months ended December 31, 2018, compared with the same period in 2017, was due primarily to losses recognized in 2018 from changes in the fair values of derivative instruments that do not qualify for hedge accounting.  Net income, excluding derivative market value and foreign currency transaction adjustments, was $58.8 million, or $1.44 per share, for the fourth quarter of 2018, compared with $45.6 million, or $1.11 per share, for the same period in 2017. For additional information on these non-GAAP metrics, including reconciliations to GAAP net income, see "Non-GAAP Performance Measures" below. During the fourth quarter of 2018, the company obtained clarity regarding certain tax Show less Read more
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