Tuesday, April 24, 2007

UPDATE 1-Sallie Mae quarterly results fall

(Reuters) - Sallie Mae said quarterly earnings fell to $116 million, or 26 cents per share, from $152 million, or 34 cents a share, a year earlier.

Even ignoring items like changes in derivatives' value, Sallie Mae earnings fell to $251 million, or 57 cents a share compared to $287 million or 65 cents a share a year earlier.


Read more at Reuters.com Market News

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