Posted on 04/21/2010 3:01:35 PM PDT by Kartographer
SLM Corp., the largest U.S. student loan company, reported net income of $240 million, its third straight quarterly profit, as provisions for loan losses fell and late payments slowed.
First-quarter net income of 45 cents a share compared with a loss of $21.1 million, or 10 cents a share, a year earlier, according to a statement distributed today by Business Wire. The company was predicted to earn 29 cents, excluding some items, according to the average estimate of nine analysts surveyed by Bloomberg. SLM said its “core” earnings were 39 cents.
(Excerpt) Read more at businessweek.com ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.