AP NEWS

SAIC: Fiscal 1Q Earnings Snapshot

June 6, 2019

RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Thursday reported fiscal first-quarter earnings of $55 million.

The Reston, Virginia-based company said it had net income of 92 cents per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.36 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The information technology company posted revenue of $1.62 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.61 billion.

SAIC shares have risen 24% since the beginning of the year. The stock has dropped almost 10% in the last 12 months.

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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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