Nelnet Reports Q3 Adj. EPS Of $1.45 - Quick Facts

(RTTNews) - Nelnet (NNI) reported third-quarter net income to company of $85.22 million or $1.84 per share, compared to $62.83 million or $1.35 per share, prior year. Excluding derivative market value and foreign currency adjustments, net income was $67.2 million, or $1.45 per share, for the third quarter of 2014.

Analysts polled by Thomson Reuters expected the company to report profit per share of $1.48 for the quarter. Analysts' estimates typically exclude special items.

Net interest income increased to $117.49 million from $104.92 million, last year.

The Nelnet Board declared a fourth quarter cash dividend on the company's outstanding shares of Class A common stock and Class B common stock of $0.10 per share.