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Shares of student loan servicer Navient (NASDAQ: NAVI) had fallen nearly 11% as of 3 p.m. ET today after the company announced earnings results for the fourth quarter and full year of 2021 that widely missed consensus estimates.
Navient reported a net loss of $0.07 per share on total revenue of $189 million. Adjusted diluted earnings per share of $0.78 missed the adjusted analyst estimate of $0.86 and revenue missed as well.