Nelnet (NNI) Tops Q4 EPS by 44c

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Go back to Nelnet (NNI) Tops Q4 EPS by 44c

Nelnet Reports Fourth Quarter 2018 Results

February 27, 2019 4:15 PM EST

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... More