Science Applications International Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | Před 644 dny
Science Applications International Q2 Results Top Estimates; Boosts FY24 Outlook

(RTTNews) - Technology integrator Science Applications International Corp. (SAIC) announced Thursday that net income for the second quarter soared to $247 million or $4.56 per share from $74 million or $1.30 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $2.05 per share, compared to $1.75 per share in the year-ago quarter.

Revenues for the quarter declined 3 percent to $1.78 billion from $1.83 billion in the same quarter last year. Revenues grew 8.3 percent organically after adjusting for impact of divestitures.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.62 per share on revenues of $1.69 billion for the quarter. Analysts' estimates typically exclude special items.

On Wednesday, the Company's Board of Directors declared a cash dividend of $0.37 per share of the Company's common stock, payable on October 27, 2023 to stockholders of record on October 13, 2023.

Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $7.20 to $7.40 per share on revenues between $7.20 billion and $7.25 billion.

Previously, the company expected adjusted earnings in the range of $7.00 to $7.20 per share on revenues between $7.125 billion and $7.225 billion.

The Street is looking for earnings of $7.16 per share on revenues of $7.20 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early loses in mid-market moves on Friday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,550 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | Před 1 h 21 min
Asian Markets A Sea Of Red

Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Friday, despite the broadly positive cues from Wall Street overnight, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. US officials confirmed that the U.S. had no involvement or role in the operation. Asian markets ended mixed on Thursday.
RTTNews | Před 1 h 39 min
Thai Stock Market May Erase Thursday's Losses

Thai Stock Market May Erase Thursday's Losses

The Thai stock market on Thursday ended the two-day winning streak in which it had risen more than 6 points or 0.6 percent. The Stock Exchange of Thailand now rests just beneath the 1,130-point plateau and it's expected to open higher on Friday.
RTTNews | Před 2 h 46 min
Indonesia Shares May Move Higher On Friday

Indonesia Shares May Move Higher On Friday

The Indonesia stock market has moved lower in back-to-back sessions, slipping more than 25 points or 0.4 percent in that span. The Jakarta Composite Index now rests just above the 7,200-point plateau although it may find support on Friday.
RTTNews | Před 3 h 16 min
Japanese Market Sharply Lower

Japanese Market Sharply Lower

Extending the losses in the previous session, the Japanese market is sharply lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,600 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | Před 3 h 18 min