Navient Q3 Earnings Beat Estimates, NII & Provisions Decline Y/Y

Navient Corporation (NAVI) has reported third-quarter 2024 adjusted earnings per share (excluding gain from the sale of Xtend Healthcare, provision for loan losses related to lowering the expected recovery rate on defaulted Private Education Loans and restructuring and regulatory-related expenses) of 28 cents, surpassing the Zacks Consensus Estimate of 23 cents. It reported 47 cents in the prior-year quarter. See the Zacks Earnings Calendar to stay ahead of market-making news Results were driven by a rise i ...