By Kimberly Chin
Shares of SLM Corp. /zigman2/quotes/205828282/composite SLM +4.61% , more commonly known as Sallie Mae, rose 16% in after-hours trading Wednesday to $10.57 after the company topped analysts' expectations.
The company said adjusted per-share profit was 33 cents for the fiscal fourth quarter, ahead of analysts polled by FactSet's estimates of 30 cents a share.
Sallie Mae's stock has fallen 3.1% in the past 12 months.
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