Investing.com - Navient (NASDAQ:NAVI) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Navient announced earnings per share of $0.75 on revenue of $148.00. Analysts polled by Investing.com anticipated EPS of $0.79 on revenue of $366.14M.
Navient shares are down 37% from the beginning of the year, still down 29.31% from its 52 week high of $22.59 set on January 13.
Navient follows other major Financial sector earnings this month
Navient's report follows an earnings beat by JPMorgan on October 14, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7816 on revenue of $23.56B.
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