SAIC: Fiscal 3Q Earnings Snapshot
RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal third-quarter earnings of $55 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of 94 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.39 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The information technology company posted revenue of $1.63 billion in the period, which matched Street forecasts.
SAIC shares have increased 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $83.80, a climb of 29% in the last 12 months.