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Student lender narrows loss in quarter

Yoon S. Byun/Globe Staff/File

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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.

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