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SAIC: Fiscal 4Q Earnings Snapshot

RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported a fiscal fourth-quarter loss of $9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Reston, Virginia-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs, were $1.17 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The information technology company posted revenue of $1.19 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.18 billion.

For the year, the company reported profit of $137 million, or $3.11 per share. Revenue was reported as $4.66 billion.

SAIC shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $73.47, increasing slightly in the last 12 months.


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