AP NEWS

Nelnet: 4Q Earnings Snapshot

February 28, 2020 GMT

LINCOLN, Neb. (AP) _ Nelnet Inc. (NNI) on Thursday reported fourth-quarter earnings of $42.4 million.

The Lincoln, Nebraska-based company said it had net income of $1.06 per share. Earnings, adjusted for non-recurring costs, were $1.12 per share.

The education services company posted revenue of $436.2 million in the period. Its adjusted revenue was $288.1 million.

For the year, the company reported profit of $141.8 million, or $3.54 per share. Revenue was reported as $1.08 billion.

Nelnet shares have dropped slightly more than 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $55.16, a rise of roughly 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NNI at https://www.zacks.com/ap/NNI