Navient: Q4 Financial Results Overview

Navient Corp. Reports Fourth Quarter Financial Results

Navient Corp., headquartered in Herndon, Virginia, announced a net loss of $5 million for the fourth quarter.

According to the company, this equates to a loss of 6 cents per share. After excluding one-time and restructuring expenses, adjusted earnings were 39 cents per share.

These adjusted earnings surpassed analysts’ expectations, as six experts polled by Zacks Investment Research had predicted earnings of 31 cents per share.

During the quarter, the student loan servicing company generated $765 million in total revenue. Adjusted revenue stood at $129 million, which fell short of the $133.4 million anticipated by three Zacks analysts.

For the full year, Navient reported a total loss of $80 million, or 81 cents per share, with annual revenue reaching $551 million.