SAIC: Fiscal Q4 Earnings Snapshot
By AP News
Published - Mar 18, 2024, 07:24 AM ET
Last Updated - Mar 18, 2024, 07:24 AM EDT
RESTON, Va. (AP) — RESTON, Va. (AP) — Science Applications International Corp. (SAIC) on Monday reported fiscal fourth-quarter net income of $39 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of 74 cents. Earnings, adjusted for one-time gains and costs, were $1.43 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The information technology company posted revenue of $1.74 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.64 billion.
