SLM Q1 Adj $1.27 Beats $1.07 Estimate, Sales $387.00M Miss $387.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
SLM Corporation (NASDAQ:SLM) reported Q1 adjusted earnings of $1.27 per share, surpassing the $1.07 estimate, marking a 170.21% increase from last year. However, their sales of $387.00M fell short of the $387.89M estimate, a 4.46% decrease from the previous year.
April 24, 2024 | 8:38 pm
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SLM Corporation exceeded Q1 earnings expectations but slightly missed sales estimates, showing significant year-over-year earnings growth but a slight decline in sales.
The positive earnings surprise, with a significant increase from the previous year, is likely to be viewed favorably by investors, potentially leading to a short-term uptick in SLM's stock price. However, the slight miss in sales estimates and the year-over-year decrease might temper some of the positive momentum.
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