Wells Fargo Maintains a 'Market Perform' on SAIC, Inc. (SAI); Hey, It's Time To Split

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Go back to Wells Fargo Maintains a 'Market Perform' on SAIC, Inc. (SAI); Hey, It's Time To Split

SAIC (SAI) Moves Higher as Plan to Split Could Unleash Growth

August 30, 2012 5:32 PM EDT

Shares of Science Applications International Corporation (NYSE: SAI) are surging after-hours Thursday after reporting mixed financial results for the fiscal second quarter 2013 but announcing plans to split the company.

The board gave management authority to split the company into two publicly traded companies. One company would focus on technical services and another on... More

SAIC (SAI) Plans Separate Into Two Independent, Publicly Traded Companies

August 30, 2012 4:08 PM EDT

Science Applications International Corporation (NYSE: SAI) said the board has authorized management to pursue a plan to separate into two independent, publicly traded companies.

The proposed separation is intended to take the form of a tax-free spin-off to SAIC stockholders of... More

SAIC (SAI) Misses Q2 EPS by 1c; Guides FY13 EPS and Revs

August 30, 2012 4:06 PM EDT

SAIC (NYSE: SAI) reported Q2 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $2.85 billion versus the consensus estimate of $2.65 billion.

SAIC sees FY2013 EPS of $1.26-1.36, versus the consensus of $1.34. SAIC sees FY2013 revenue of $10.9-11.4... More