NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Thursday reported first-quarter earnings of $308 million.
The Newark, Delaware-based company said it had net income of $1.54 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The student loan company posted revenue of $833.9 million in the period. Its adjusted revenue was $375.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $366.7 million.
Sallie Mae expects full-year earnings to be $3.10 to $3.20 per share.
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