SAIC: Fiscal 3Q Earnings Snapshot
RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal third-quarter net income of $60 million.
The Reston, Virginia-based company said it had profit of $1.02 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.62 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The information technology company posted revenue of $1.82 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.83 billion.
SAIC expects full-year earnings in the range of $5.95 to $6.05 per share, with revenue in the range of $7.1 billion to $7.15 billion.
SAIC shares have climbed almost 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $94.68, a rise of 13% in the last 12 months.