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SLM - Sallie Mae EPS beats by $0.37 beats on revenue
SLM Corporation
Sallie Mae (SLM): Q3 Non-GAAP EPS of $0.47 beats by $0.37; GAAP EPS of $0.45 beats by $0.32.Revenue of $375M (-11.1% Y/Y) beats by $8.55M.The company initiated restructuring program focused on improving operational efficiencies; recorded a $24M restructuring charge.Significant efficiencies expected to be realized in 2021 and beyond.Shares +2.5%.Press Release