SLM Corp. Q2 adjusted earnings Beat Estimates

SLM Corp. (SLM) reported a profit for its second quarter that climbed from the same period last year.

The company’s profit totaled $105.91 million, or $0.24 per share. This compares with $66.64 million, or $0.15 per share, in last year’s second quarter.

Excluding items, SLM Corp. reported adjusted earnings of $109.72 million or $0.25 per share for the period.

Analysts had expected the company to earn $0.23 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

SLM Corp. earnings at a glance:

-Earnings (Q2): $109.72 Mln. vs. $68.81 Mln. last year.
-EPS (Q2): $0.25 vs. $0.16 last year.
-Analysts Estimate: $0.23

by RTTNews Staff Writer

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