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Thursday, 12/07/2017 4:54:44 PM

Thursday, December 07, 2017 4:54:44 PM

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SAIC tops Street 3Q forecasts
[Associated Press]
Associated PressDecember 8, 2017

MCLEAN, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal third-quarter earnings of $43 million.

The McLean, Virginia-based company said it had net income of 97 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The information technology company posted revenue of $1.15 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.11 billion.

SAIC shares have dropped 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $75.43, a fall of 8 percent in the last 12 months.


https://finance.yahoo.com/news/saic-tops-street-3q-forecasts-212321301.html

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