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via finance.yahoo.comBusiness & Companies

Sallie Mae (SLM) plunges after Q3 net loss and cut full-year earnings guidance

FROM THE WIRE · FINANCE.YAHOO.COM

Why Sallie Mae (SLM) shares are plunging today What happened? Shares of student loan provider Sallie Mae (NASDAQ:SLM) fell 10.2% in the morning session after the company reported a third-quarter net loss and sharply lowered its full-year earnings guidance due to rising…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe cut to full-year earnings guidance and rising charge-offs weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sallie Mae shares fell 10.2% in the morning session.
  2. 02The company reported a third-quarter GAAP net loss of $0.19 per share.
  3. 03Full-year EPS guidance was lowered to $1.95-$2.05 from $3.10-$3.20.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
SLM CorporationSLMStock19.41 USDMarket closedtoday -10.78%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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