Investing.com - SLM reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $0.47 on revenue of $375M. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $378.73M.
SLM shares are up 3% from the beginning of the year and are trading at $9.48 , down-from-52-week-high.They are under-performing the Nasdaq which is up 28% from the start of the year.
SLM shares gained 2.49% in after-hours trade following the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by UnitedHealth on Wednesday, October 14, 2020, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on Tuesday, October 13, 2020 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar