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SAIC Posts Higher Earnings As Sales Edge Up

Cal Biesecker By
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SAIC Posts Higher Earnings As Sales Edge Up
SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Tuesday reported a surge in income and slightly higher sales in its third quarter as separation and restructuring costs plummeted related to its split with Leidos [LDOS] a year while work for logistics and supply chain services and C4ISR was up. Net income jumped 68 percent to $37 million, 77 cents earnings per share (EPS), from $22 million (44 cents EPS) a year ago, topping consensus estimates by three cents. Operating margins were 6.8…

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