Sallie Mae beats by $0.03, beats on revs; guides FY18 EPS in-line
- Reports Q1 (Mar) core earnings of $0.27 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.24; net interest income rose 24.1% year/year to $332.6 mln vs the $313.1 mln Capital IQ Consensus.
- Co issues in-line guidancefor FY18, sees EPS of $0.99-1.01, excluding non-recurring items, vs. $1.00 Capital IQ Consensus Estimate and vs prior guidance of $0.97-1.01.
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