Student lender Nelnet Inc ( NNI , Analyst Report ) reported first quarter 2012 earnings per share of $1.11, slightly missing the prior year quarter's earnings of $1.12 per share. While the company experienced a growth in its top line, a rise in expenses marred that benefit. However, it is encouraging to note that the company has announced a new share buyback authorization for repurchase of up to 5 million shares over the next three years. 
Share:  Student lender Nelnet Inc ( <span class="company">NNI</span> , Analyst Report ) reported first quarter 2012 earnings per share of $1.11, slightly missing the prior year quarter's earnings of $1.12 per share. While the company experienced a growth in its top line, a rise in expenses marred that benefit. However, it is encouraging to note that the company has announced a new share buyback authorization for repurchase of up to 5 million shares over the next three years. Tweet this   read full story

. GAAP net income for the first quarter of 2012 and 2011 was $43.1 million , or $0.91 per share, and $54.9 million , or $1.13 per share, respectively. . "We continued to report strong results in the first quarter of 2012," said Mike Dunlap , Nelnet Chairman and Chief Executive Officer. "We are focused on growing our loan servicing, payment processing, education planning, and asset management businesses and driving diversification around these core businesses.". Nelnet operates four primary business segments, earning interest income on student loans in its Asset Generation and Management operating segment and fee based revenue in its Student Loan and Guaranty Servicing, Tuition Payment Processing and Campus Commerce, and Enrollment Services operating segments. 
Share:  . GAAP net income for the first quarter of 2012 and 2011 was $43.1 million , or $0.91 per share, and $54.9 million , or $1.13 per share, respectively. <span class="sent">. "We continued to report strong results in the first quarter of 2012," said <span class="analyst">Mike Dunlap</span> , <span class="company">Nelnet</span> Chairman and Chief Executive Officer.</span> "We are focused on growing our loan servicing, payment processing, education planning, and asset management businesses and driving diversification around these core businesses.". <span class="company">Nelnet</span> operates four primary business segments, earning interest income on student loans in its Asset Generation and Management operating segment and fee based revenue in its Student Loan and Guaranty Servicing, Tuition Payment Processing and Campus Commerce, and Enrollment Services operating segments. Tweet this   read full story

Take a big gulp, take your medicine and deal with it in a fundamental way.". To cut costs, Nelnet closed 15 of its 17 locations, from Maine to Florida to California, leaving only Lincoln and Denver. As it closed offices, Dunlap said, the company gave employees up to a year's notice and decent severance packages, reducing employment from a peak of 4,500 people to 1,900. 
Share:  Take a big gulp, take your medicine and deal with it in a fundamental way.".<span class="sent"> To cut costs, <span class="company">Nelnet</span> closed 15 of its 17 locations, from Maine to Florida to California, leaving only Lincoln and Denver.</span> As it closed offices, Dunlap said, the company gave employees up to a year's notice and decent severance packages, reducing employment from a peak of 4,500 people to 1,900. Tweet this   read full story