WASHINGTON (dpa-AFX) - Sallie Mae (SLM) reported that its third-quarter net loss attributable to common stock narrowed to $52 million from $514 million last year. Loss per share was $0.10 compared to a loss of $1.06 prior year.
Loss per share from continuing operations was $0.14 compared to a loss of $1.06 prior year.
Core earnings decreased to $188 million or $0.36 per share from $202 million or $0.37 per share last year. Analysts polled by Thomson Reuters expected the company to report profit of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income increased to $885 million from $872 million a year ago.
Sallie Mae expects 2011 core earnings per share of $1.80. Analysts expect the company to report 2011 earnings per share of $1.81.
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