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SAIC Posts Higher Earnings, Sales In Third Quarter

Cal Biesecker By
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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…

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