Sallie Mae: Q3 Earnings Snapshot

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.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up