Investing.com - SLM (NASDAQ:SLM) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $0.45 on revenue of $397M. Analysts polled by Investing.com anticipated EPS of $0.842 on revenue of $525.84M.
SLM shares are down 16% from the beginning of the year, still down 23.64% from its 52 week high of $21.40 set on July 1, 2021. They are outperforming the Nasdaq which is down 20.17% from the start of the year.
SLM shares lost 0.37% in after-hours trade following the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings missed by JPMorgan on April 13, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.66B.
Bank of America had beat expectations on April 18 with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7495 on revenue of $23.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar