NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Thursday reported third-quarter profit of $135.9 million.
On a per-share basis, the Newark, Delaware-based company said it had profit of 63 cents.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The student loan company posted revenue of $657.6 million in the period. Its adjusted revenue was $373 million.
Sallie Mae expects full-year earnings to be $3.20 to $3.30 per share.
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