Why Navient Jumped 18% in April
Shares of student loan provider Navient (NASDAQ: NAVI) rose 17.6% in April, according to S&P Global Market Intelligence. Shares climbed steadily all month and accelerated after the company released earnings on April 27.
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Navient delivered record earnings per share (EPS) and increased guidance for the full year by more than 30%. Management now expects $4.15 to $4.25 EPS, representing 23.5% growth over last year. That's on top of 28% compounded growth in the three previous years. It also surprised investors, upping this year's anticipated share repurchases by 50%.
Source Fool.com
