Science Applications (SAIC) Plunges 10% on Q4 Earnings Miss [Yahoo! Finance]
Science Applications International Corporation (SAIC)
Last science applications international corporation earnings: 3/26 04:10 pm
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Source: Yahoo! Finance
Science Applications International Corporation SAIC shares plunged 10% on Monday after the company reported lower-than-expected bottom-line results for the fourth quarter of fiscal 2024. The company reported fourth-quarter adjusted earnings of $1.43 per share, which lagged the Zacks Consensus Estimate by a penny. The figure also decreased 30% year over year due to lower revenues and higher expenses. Revenues declined 12% year over year to $1.74 billion but outpaced the consensus mark by 5.9%. The year-over-year decrease was due to the sale of the logistics and supply chain management division, the Forfeiture Support Associates (“FSA”) joint venture's deconsolidation, contract completions and an additional five working days in the year-ago quarter. The downside was partially offset by a ramp-up in existing and new contracts. Nevertheless, the top line increased by 7.7% when adjusted for the impact of the logistics and supply chain management division's divesture, the deconsolidati
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SAIC
News
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- Science Applications International Co. (NYSE: SAIC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Science Applications International Co. (NYSE: SAIC) had its "hold" rating re-affirmed by analysts at Truist Financial Co.. They now have a $130.00 price target on the stock.MarketBeat
SAIC
Earnings
- 3/18/24 - Miss
SAIC
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/24/24 - Form DEF
- SAIC's page on the SEC website