SLM Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - SLM Corp. (SLM) released earnings for its first quarter that advanced from last year.

The company's earnings totaled $122.86 million, or $0.28 per share. This compares with $89.37 million, or $0.20 per share, in last year's first quarter.

Excluding items, SLM Corp. reported adjusted earnings of $119.99 million or $0.27 per share for the period.

Analysts had expected the company to earn $0.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

SLM Corp. earnings at a glance:

-Earnings (Q1): $119.99 Mln. vs. $92.74 Mln. last year. -EPS (Q1): $0.27 vs. $0.21 last year. -Analysts Estimate: $0.24

-Guidance: Full year EPS guidance: $0.99 - $1.01