:

Business/Financial

SAIC Posts Higher Earnings, Sales In Third Quarter

By Cal Biesecker

Friday, December 7th, 2018

SHARE:

SAIC Posts Higher Earnings, Sales In Third Quarter

SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Dec. 6 after the close of the markets reported higher sales due to work for state and local governments while earnings increased due to a lower tax rate.Net income increased 12 percent to $48 million, $1.11 earnings per share (EPS) in the company’s fiscal year 2019 third quarter from $43 million (98 cents EPS) a year ago. The results beat consensus estimates by 21 cents per share.Acquisition and integration costs associated with SAIC’s pending…

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]