Science Applications Int'l (SAIC) Tops Q1 EPS by 11c, Offers Guidance, Approves Buyback Program to 8M Shares

Science Applications Int'l (NYSE: SAIC) reported Q1 EPS of $1.88, $0.11 better than the analyst estimate of $1.77. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.93 billion.

Share Repurchase Authorization Increased

• SAIC today announced that its Board of Directors has authorized an increase to its existing stock repurchase authorization of the Company's common stock under an existing stock repurchase program. The current authorization increases the repurchase program by 8.0 million shares in order to make available for repurchase an aggregate of approximately 8.8 million shares.

GUIDANCE:

Science Applications Int'l sees FY2023 EPS of $6.90-$7.20, versus the consensus of $6.99. Science Applications Int'l sees FY2023 revenue of $7.43-7.55 billion, versus the consensus of $7.47 billion.

For earnings history and earnings-related data on Science Applications Int'l (SAIC) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Limoneira (LMNR) Misses Q2 EPS by 8c, Beats on Revenue
• Lands' End (LE) Tops Q1 EPS by 8c ; Offers Guidance