Brief: Nelnet Reports First Quarter 2020 Results

Nelnet

07/05/2020 23:09

May 7 (Reuters) - Nelnet Inc  NNI.N :
    * NELNET REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 ADJUSTED LOSS PER SHARE $0.62 EXCLUDING ITEMS
    * Q1 GAAP LOSS PER SHARE $1.01
    * PROVISION FOR LOAN LOSSES WAS $76.3 MILLION FOR THREE
MONTHS
ENDED MARCH 31, 2020
    * NELNET - CASH AND ANTICIPATED CASH GENERATED FROM
OPERATIONS
WILL BE SUFFICIENT TO FUND OPERATING EXPENSE, BUSINESS
ACTIVITIES FOR FORESEEABLE FUTURE
    * DECLARED A Q2 CASH DIVIDEND ON COMPANY'S OUTSTANDING
SHARES OF
CLASS A COMMON STOCK AND CLASS B COMMON STOCK OF $0.20 PER SHARE

Source text for Eikon:  ID:nPn6rd3Fta 
Further company coverage:  NNI.N 

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