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SAIC: Fiscal Q2 Earnings Snapshot
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RESTON, Va. (AP) — RESTON, Va. (AP) — Science Applications International Corp. (SAIC) on Monday reported fiscal second-quarter profit of $102 million.

On a per-share basis, the Reston, Virginia-based company said it had net income of $2.38. Earnings, adjusted for one-time gains and costs, were $3.01 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The information technology company posted revenue of $1.88 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.75 billion.

SAIC expects full-year earnings in the range of $10.65 to $10.75 per share, with revenue in the range of $7.2 billion to $7.3 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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