Science Applications Int'l (SAIC) Misses Q2 EPS by 10c
Science Applications Int'l (NYSE: SAIC) reported Q2 EPS of $0.80, $0.10 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.08 billion.
“Results for SAIC’s second quarter of fiscal year 2018 reflect near term margin challenges but positive forward indicators are encouraging as the company executes its long term strategy in alignment with market demands,” said SAIC CEO Tony Moraco. “With revenue stability in the quarter and exceptional business development performance resulting in the largest bookings quarter in our history, I am confident about the future while taking actions to address near term profitability headwinds.”
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