Navient (NAVI) reported Q1 core earnings Wednesday of $0.25 per diluted share, down from $0.47 per share a year earlier.
Analysts polled by FactSet expected non-GAAP earnings of $0.20 per share.
Revenue for the quarter, expressed as the sum of net interest income and total other income, was $156 million, down from $287 million a year earlier.
Analysts surveyed by FactSet expected $179.4 million.