Science Applications International Q2 Results Top Estimates; Boosts FY24 Outlook

RTTNews | 644日前
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
DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.
RTTNews | 2分前
UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | 32分前
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 1時50分前
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 2時3分前
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 2時17分前