SLM Corp. Profit Climbs In Q3, but misses estimates

SLM Corp. (SLM) revealed earnings for its third quarter that increased from the same period last year but missed the Street estimates.

The company's earnings came in at $73 million, or $0.29 per share. This compares with $72 million, or $0.24 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SLM Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $73 Mln. vs. $72 Mln. last year.
-EPS (Q3): $0.29 vs. $0.24 last year.
-Analyst Estimate: $0.48

Full year EPS guidance: $2.50 - $2.60

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