Science Applications rises on better-than-expected forecast
ReutersMar 17, 2025 1:06 PM
Shares of U.S. technology services firm Science Applications SAIC.O rise nearly 9% to $113.63 in premarket trading
Co forecasts FY2026 adjusted profit per share between $9.10 and $9.30, beating analysts' estimate of $9.07 per share, according to data compiled by LSEG
Total revenue increases 5.8% to $1.84 bln for the three months ended January 31
Co gets majority of its revenue from technology service contracts with U.S. Department of Defense
Stock down nearly 6.6% YTD as of last close; it fell 10.1% in 2024
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