WASHINGTON (dpa-AFX) - SLM Corp. (SLM) released a profit for its first
quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $285 million, or $1.27 per share. This
compares with $114 million, or $0.47 per share, in last year's first quarter.

Analysts on average had expected the company to earn $1.07 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 4.4% to $387 million from $405
million last year.

SLM Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $285 Mln. vs. $114 Mln. last year.
-EPS (Q1): $1.27 vs. $0.47 last year.
-Revenue (Q1): $387 Mln vs. $405 Mln last year.


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