RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal first-quarter profit of $81 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of $1.38. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.94 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The information technology company posted revenue of $1.88 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.79 billion.