You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Mass. Movers

Student lender narrows loss in quarter

Yoon S. Byun/Globe Staff/File

Continue reading below

First Marblehead Corp. shares jumped Monday after the Boston-based provider of private student loans beat estimates on a narrower loss in the second quarter. For the period, First Marblehead posted a net loss of $7.6 million, or 68 cents per share, compared to a net loss of $12.3 million, or $1.17, last year. Revenue increased $1 million to $12.2 million. Analysts had projected a loss of 75 cents per share on revenue of $13.05 million, according to AnalystRatingsNetwork.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com