Sallie Mae (SLM) Reports Q3 Loss, Lags Revenue Estimates

Sallie Mae reported a quarterly loss of $0.19 per share, significantly missing the consensus estimate of $0.12 and declining from $0.63 earnings per share a year ago. The company also missed revenue expectations at $339.32 million versus the estimate of $353.66 million. With a Zacks Rank #3 (Hold) rating and the Financial - Consumer Loans industry ranking in the bottom 26% of industries, the stock is expected to perform in line with the market.