Navient reports $15 million profit in third quarter

Navient Corp., headquartered in Herndon, Virginia, reported third-quarter earnings of $15 million, according to WTOP.

The company posted a profit of 16 cents per share for the period. When adjusted for non-recurring gains, earnings were 3 cents per share.

Navient's results fell short of Wall Street expectations, based on the average estimate of four analysts surveyed by the Associated Press.

The earnings report reflects the company's financial performance during the third quarter but does not include further guidance or outlook information.

Navient's results are relevant to investors and stakeholders in the Washington DC metropolitan area, where the company is based.