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Navient: Q4 Earnings Snapshot

HERNDON, Va. (AP) — HERNDON, Va. (AP) — Navient Corp. (NAVI) on Wednesday reported a loss of $5 million in its fourth quarter.

On a per-share basis, the Herndon, Virginia-based company said it had a loss of 6 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 39 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The student loan servicing company posted revenue of $765 million in the period. Its adjusted revenue was $129 million, missing Street forecasts. Three analysts surveyed by Zacks expected $133.4 million.

For the year, the company reported a loss of $80 million, or 81 cents per share. Revenue was reported as $551 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NAVI at https://www.zacks.com/ap/NAVI

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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