Sallie Mae's Earnings Miss: What's Behind the Numbers?

Sallie Mae's Q3 earnings fell short of Wall Street's expectations, reporting sixty-three cents per share against an expected eighty-four cents. Despite a profit of $135.9 million, the miss raises concerns, putting pressure on the stock. Sallie Mae forecasts full-year earnings between $3.20 and $3.30 per share, making the next quarter crucial for the company to meet predictions and reassure investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.