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NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Thursday reported first-quarter earnings of $304.5 million.
On a per-share basis, the Newark, Delaware-based company said it had profit of $1.40.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The student loan company posted revenue of $862.1 million in the period. Its adjusted revenue was $375 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $359.7 million.
Sallie Mae expects full-year earnings to be $3 to $3.10 per share.
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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