SLM Corp. Q3 adjusted earnings Beat Estimates

SLM Corp. (SLM) revealed earnings for third quarter that dropped from last year.

The company's earnings came in at $71.67 million, or $0.24 per share. This compares with $168.97 million, or $0.45 per share, in last year's third quarter.

Excluding items, SLM Corp. reported adjusted earnings of $74.38 million or $0.24 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SLM Corp. earnings at a glance:

-Earnings (Q3): $74.38 Mln. vs. $178.68 Mln. last year.
-EPS (Q3): $0.24 vs. $0.47 last year.
-Analysts Estimate: $0.19

Full year EPS guidance: $3.55 - $3.60

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