SAIC: Fiscal Q2 Earnings Snapshot
RESTON, Va. (AP) — RESTON, Va. (AP) — Science Applications International Corp. (SAIC) on Thursday reported fiscal second-quarter earnings of $247 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $4.56. Earnings, adjusted for one-time gains and costs, came to $2.05 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The information technology company posted revenue of $1.78 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.69 billion.
SAIC expects full-year earnings in the range of $7.20 to $7.40 per share, with revenue in the range of $7.2 billion to $7.25 billion.
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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
