SLM Corp. Q1 Earnings Climb 48%

(RTTNews) - SLM Corp. (SLM) released a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line rose to $61.42 million, or $0.14 per share. This was higher than $41.48 million, or $0.10 per share, in last year's first 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 (Q1): $61.42 Mln. vs. $41.48 Mln. last year. -Earnings Growth (Y-o-Y): 48.1% -EPS (Q1): $0.14 vs. $0.10 last year. -EPS Growth (Y-o-Y): 40.0% -Analysts Estimate: $0.11

-Guidance: Full year EPS guidance: $0.49 - $0.51