Investing.com - SLM (NASDAQ:SLM) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $1.29 on revenue of $342M. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $627.44M.
SLM shares are down 12% from the beginning of the year, still down 17.39% from its 52 week high of $20.88 set on January 13. They are outperforming the Nasdaq which is down 23.09% from the start of the year.
SLM shares lost 5.51% in after-hours trade following the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by Berkshire Hathaway A on July 19, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on July 14 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar