Sallie Mae: Q2 Earnings Snapshot
NEWARK, Del. (AP) _ SLM Corp. (SLM) on Wednesday reported second-quarter profit of $342.1 million.
On a per-share basis, the Newark, Delaware-based company said it had net income of $1.29.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The student loan company posted revenue of $721.3 million in the period. Its adjusted revenue was $362.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $351.7 million.
Sallie Mae expects full-year earnings in the range of $2.50 to $2.70 per share.