10:15 AM EDT, 04/24/2024 (MT Newswires) -- Navient ( NAVI ) reported core Q1 earnings Wednesday of $0.47 per diluted share, down from $1.02 a year earlier.

Analysts polled by Capital IQ expected $0.59.

Revenue expressed as the sum of net interest income and total other income for the quarter ended March 31 for the student loan servicer was $287 million, compared with $322 million a year earlier.

Four analysts surveyed by Capital IQ expected $182.3 million.

Shares of the company were down 4% in recent Wednesday trading.

Price: 15.90, Change: -0.70, Percent Change: -4.22