Sallie Mae (SLM) Tops Q2 EPS by 10c; $400M Stock Buyback

Sallie Mae (NASDAQ: SLM) reported Q2 EPS of $1.02, $0.10 better than the analyst estimate of $0.92.

The company also authorized a $400 million stock buyback

The company expects 2013 results to be as follows:

Full-year 2013 private education loan originations of at least $4 billion.
Fully diluted 2013 core earnings per share of $2.80 inclusive of the contributions from the $0.44 earnings per share of gains related to FFELP loan securitization trust residual sales and $0.08 earnings per share from the gain from the business sale that have occurred through June 30, 2013.

For earnings history and earnings-related data on Sallie Mae (SLM) click here.

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