NaviSite Inc. (NAVI) Tops Q2 EPS by 3c

NaviSite Inc. (NASDAQ: NAVI) reported Q2 core EPS of $0.56, $0.03 better than the analyst estimate of $0.53.

"Navient's first earnings release demonstrates that strong financial performance and industry-leading customer success go hand in hand," said Jack Remondi, president and CEO, Navient. "Our approach to loan servicing continues to help more customers successfully manage their student loan payments and avoid the consequences of default, as reflected in the improving credit quality of the loans we service. As the leader in default prevention, we assisted 667,000 borrowers to pay off their student loans in full over the past year. Looking ahead, Navient is well positioned to grow as more institutions turn to us for loan servicing and asset recovery solutions that focus on customer success and compliance."

For earnings history and earnings-related data on NaviSite Inc. (NAVI) click here.

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