Navient Beats Estimates
Navient Corp (NASDAQ:NAVI) is on investors’ radar today after the company reported second quarter adjusted EPS of $0.47, besting the estimates of $0.44. The Delaware-based student loans company’s revenue came in at $429 million for the period. Net interest income was $408 million, a 9.7% year-over-year dip. Navient’s CEO Jack Remondi said in a statement that loan performance trends continue to outperform expectations, and that the company is “on target” as in enters the second-half of the year. Out of the funds in our database, 27 were bullish on Navient Corp (NASDAQ:NAVI) as of March 31.
United Continental Beats Estimates, Approves Buyback Plan
United Continental Holdings Inc (NYSE:UAL) posted second quarter EPS of $2.61, eclipsing estimates of $2.56. Revenue came in at $9.40 billion for the quarter, down from $9.91 billion revenue for the same period same period of last year, but narrowly topping estimates of $9.38 billion. The airline company’s Board also approved a buyback program of $2 billion of stock. United Continental CEO Oscar Munoz said in a statement that the company has enjoyed the “best six months” of operational performance in its history and that it will continue unlocking its potential in the coming months. At the end of the first quarter, 61 hedge funds in our system held about $3.37 billion worth of positions in United Continental Holdings Inc (NYSE:UAL).