Sallie Mae: Q2 Earnings Snapshot

July 27, 2022 GMT

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.

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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