SAIC: Fiscal Q1 Earnings Snapshot

RESTON, Va. (AP) — RESTON, Va. (AP) — Science Applications International Corp. (SAIC) on Monday reported fiscal first-quarter earnings of $77 million.

On a per-share basis, the Reston, Virginia-based company said it had profit of $1.48. Earnings, adjusted for one-time gains and costs, were $1.92 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The information technology company posted revenue of $1.85 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $1.84 billion.

SAIC expects full-year earnings in the range of $8 to $8.20 per share, with revenue in the range of $7.35 billion to $7.5 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAIC at https://www.zacks.com/ap/SAIC

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up