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Here’s Why Navient Is Rising Today

TheMotleyFool

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Student loan servicing and origination company Navient (NASDAQ: NAVI) just released its fourth-quarter 2019 earnings, and it appears that investors are pleased with the results. As of 10:30 a.m. EST on the morning after the Tuesday-afternoon release, the stock was up by nearly 10%.

Navient surprised analysts with an earnings increase. The company reported core adjusted EPS of $0.67 per share, handily surpassing the $0.57 analysts had been looking for and higher than the $0.58 per share Navient produced in the same quarter a year ago.

Image source: Getty Images.

Source Fool.com

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