SLM Q4 Adj $0.72 Misses $0.89 Estimate, Sales $386.00M Beat $378.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
SLM Corporation reported Q4 adjusted earnings of $0.72 per share, missing the consensus estimate of $0.89 by 19.1%. However, they saw a significant increase from a loss of $(0.33) per share in the same quarter last year. Sales reached $386.00M, slightly exceeding expectations of $378.36M, and marking a 1.20% increase from the previous year.
January 24, 2024 | 9:31 pm
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SLM Corporation missed Q4 EPS estimates but exceeded revenue forecasts, indicating mixed financial performance.
While SLM missed EPS estimates, which could negatively impact investor sentiment, the beat on revenue and significant improvement over last year's loss may balance the short-term impact on the stock price. The mixed results present both positive and negative signals to the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100