SLM Corp. Bottom Line Declines 40% In Q2

(RTTNews) - SLM Corp. (SLM) revealed a profit for second quarter that decreased from last year.

The company said its earnings totaled $51.96 million, or $0.12 per share. This was lower than $86.15 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SLM Corp. earnings at a glance:

-Earnings (Q2): $51.96 Mln. vs. $86.15 Mln. last year. -Earnings Decline (Y-o-Y): -39.7% -EPS (Q2): $0.12 vs. $0.20 last year. -EPS Decline (Y-o-Y): -40.0% -Analysts Estimate: $0.11

-Guidance: Full year EPS guidance: $0.51 - $0.52