WASHINGTON (dpa-AFX) - Sallie Mae (SLM), formally SLM Corporation, Wednesday reported second-quarter net income of $86.1 million or $0.20 per share, up from $40.9 million or $0.09 per share last year.
On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items.
Net interest income rose to $168.3 million from $144.5 million last year. Analysts estimated revenues of $171.85 million for the quarter.
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