Investing.com - SLM reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SLM announced earnings per share of $0.78 on revenue of $642.5M. Analysts polled by Investing.com anticipated EPS of $0.81 on revenue of $578.22M. That with comparison to EPS of $0.34 on revenue of $418.42M in the same period a year before.SLM had reported EPS of $0.33 on revenue of $415.3M (NYSE:MMM) in the previous quarter.Analysts are expecting EPS of $0.34 and revenue of $388.11M in the upcoming quarter.
SLM shares are down 23% from the beginning of the year and are trading at $6.84 , down-from-52-week-high.They are under-performing the Nasdaq which is down 6.02% year to date.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday, April 15, 2020 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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