On Tuesday, Shares of Navient Corporation (NASDAQ:NAVI), lost -10.57% to $16.42, hitting its lowest level.
Navient Corporation, declared that it anticipates second-quarter 2015 core earnings of about $0.40 diluted earnings per share, or GAAP earnings of about $0.47 diluted earnings per share. In addition, the company revised its guidance for full-year 2015 core earnings to about $1.85 diluted earnings per share.
During the quarter, the company launched a restructuring initiative to simplify and streamline its administration structure. About $29 million of restructuring expenses in the second quarter are comprised of in GAAP results but excluded from core earnings.
Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio.
Shares of Pitney Bowes Inc. (NYSE:PBI), inclined 0.99% to $21.35, during its last trading session.
Pitney Bowes, has been recognized among the Top 5 IT Employers by the Great Place to Work Institute in India’s 2015 50 Best Companies to Work For survey. This marks the fifth successive year Pitney Bowes has been named by the survey, acknowledging the company’s core values which are deeply rooted in its brand and culture.
Pitney Bowes has also been recognized among India’s Best Companies for Unique Initiative for its diversity initiative Project Dhaarna. The program focuses on inclusivity of women at the workplace and, importantly, also involves male employees in gender conversations for a holistic approach.
A third award has been bestowed on Pitney Bowes in the category of India’s Best Companies Supporting Women to Remain at Work for the company’s benefits and initiatives for women which address healthcare, education and empowerment.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments.
Finally, Northrop Grumman Corporation (NYSE:NOC), ended its last trade with 0.71% gain, and closed at $168.49.
Northrop Grumman Corporation, was awarded a contract from Naval Air Systems Command to deliver its next-generation mission computer for Lot 12 of the Marine Corps’ H-1 helicopter upgrade program.
Under this contract, Northrop Grumman will provide FlightPro™ Gen III mission computers for the UH-1Y and AH‑1Z aircraft. These aircraft are predictable to be the first to benefit from the latest model in the FlightPro™ product line. The period of performance for this Lot 12 contract is slated for October 2016 through October 2017.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide.
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