SLM Corp. Reveals 23% Advance In Q3 Earnings

(RTTNews) - SLM Corp. (SLM) revealed earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $51.14 million, or $0.12 per share. This was up from $41.68 million, or $0.10 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 27.3% to $223.28 million. This was up from $175.44 million last year.

SLM Corp. earnings at a glance:

-Earnings (Q3): $51.14 Mln. vs. $41.68 Mln. last year. -Earnings Growth (Y-o-Y): 22.7% -EPS (Q3): $0.12 vs. $0.10 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.12 -Revenue (Q3): $223.28 Mln vs. $175.44 Mln last year. -Revenue Change (Y-o-Y): 27.3%

-Guidance: Full year EPS guidance: $0.52