NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Wednesday reported a loss of $45.2 million in its third quarter.
The Newark, Delaware-based company said it had a loss of 23 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The student loan company posted revenue of $652.6 million in the period. Its adjusted revenue was $359.4 million, also missing Street forecasts. Five analysts surveyed by Zacks expected $363.4 million.
Sallie Mae expects full-year earnings to be $2.70 to $2.80 per share.
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