SAIC: Fiscal Q1 Earnings Snapshot

RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Monday reported fiscal first-quarter earnings of $73 million.

On a per-share basis, the Reston, Virginia-based company said it had profit of $1.29. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.88 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The information technology...

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RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Monday reported fiscal first-quarter earnings of $73 million.

On a per-share basis, the Reston, Virginia-based company said it had profit of $1.29. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.88 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The information technology company posted revenue of $2 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $1.93 billion.

SAIC expects full-year earnings in the range of $6.90 to $7.20 per share, with revenue in the range of $7.43 billion to $7.55 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

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