Sallie Mae: Q3 Earnings Snapshot
NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Wednesday reported third-quarter profit of $29.4 million.
On a per-share basis, the Newark, Delaware-based company said it had profit of 11 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The student loan company posted revenue of $652.3 million in the period. Its adjusted revenue was $384.6 million, exceeding Street forecasts. Five analysts surveyed by Zacks expected $367.6 million.
Sallie Mae expects full-year earnings in the range of $2.55 to $2.65 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLM at https://www.zacks.com/ap/SLM
