Nelnet (NNI) Tops Q3 EPS by 23c
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Nelnet Reports Third Quarter 2016 Results
November 9, 2016 4:15 PM ESTLINCOLN, Neb., Nov. 9, 2016 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $84.3 million, or $1.98 per share, for the third quarter of 2016, compared with GAAP net income of $49.0 million, or $1.09 per share, for the same period a year ago.
Net income, excluding derivative market value and foreign currency adjustments, was $58.1 million, or $1.36 per share, for the third quarter of 2016, compared with $64.3 million, or $1.43 per share, for the same period in 2015. For additional information on these non-GAAP metrics, including reconciliations to GAAP net income, see "Non-GAAP Performance Measures" below.... More
