LINCOLN, Neb. (AP) _ Nelnet Inc. (NNI) on Monday reported first-quarter earnings of $186.6 million.

The Lincoln, Nebraska-based company said it had profit of $4.91 per share. Earnings, adjusted for non-recurring gains, came to $1.99 per share.

The education services company posted revenue of $529.6 million in the period. Its adjusted revenue was $481.6 million.

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