SLM Corporation (NYSE:SLM) delivered a profit and beat Wall Street’s expectations. Shares are down after hours.
SLM Corporation Earnings Cheat Sheet
Results: Net income decreased -49.71% to $257 million (55 cents per diluted share) in the quarter versus a net gain of $511 million in the year-earlier quarter.
Actual vs. Wall St. Expectations: SLM Corporation reported adjusted net income of 55 cents per share. By that measure, the company beat the mean analyst estimate of $0.53.