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SLM Corp. Q3 adjusted earnings Beat Estimates

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

The company's profit came in at $168.97 million, or $0.45 per share. This compares with $124.31 million, or $0.29 per share, in last year's third quarter.

Excluding items, SLM Corp. reported adjusted earnings of $178.68 million or $0.47 per share for the period.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.0% to $364.57 million from $405.07 million last year.

SLM Corp. earnings at a glance:

-Earnings (Q3): $178.68 Mln. vs. $122.16 Mln. last year.
-EPS (Q3): $0.47 vs. $0.29 last year.
-Analysts Estimate: $0.08
-Revenue (Q3): $364.57 Mln vs. $405.07 Mln last year.

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