SLM Q2 Adj $1.10 Beats $1.07 Estimate, Sales $386.63M Beat $370.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
SLM Corporation (NASDAQ:SLM) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $1.07 by 2.8%. However, this is a 14.73% decrease from the same period last year. The company also reported quarterly sales of $386.63 million, surpassing the analyst consensus estimate of $370.99 million by 4.22%, marking a 6.57% increase from the same period last year.
July 26, 2023 | 8:35 pm
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NEUTRAL IMPACT
SLM Corporation reported better than expected Q2 earnings and sales. However, the earnings per share decreased by 14.73% compared to the same period last year.
While SLM Corporation beat the Q2 estimates, the decrease in earnings per share compared to the same period last year might offset the positive impact of beating the estimates. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100