SAIC: Fiscal 3Q Earnings Snapshot
RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal third-quarter profit of $48 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of $1.11. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.35 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The information technology company posted revenue of $1.18 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.16 billion.
SAIC shares have decreased 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $64.96, a decline of 11 percent in the last 12 months.