SLM (SLM) Tops Q3 EPS by 39c

SLM (NASDAQ: SLM) reported Q3 EPS of $0.47, $0.39 better than the analyst estimate of $0.08.

• Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share
• Third-Quarter “Core Earnings” Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share
• Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyond
• $1.9 Billion in Private Education Loans Originated During Quarter
• Sold the Personal Loan Portfolio as a Part of Continued Focus on the Core Business and Rigorous Capital Allocation

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

You May Also Be Interested In

• Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
• Microchip Technology completes acquisition of Hailo
• AMC Entertainment launches tender offer for $360M in senior notes