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SAIC Posts Slight Top And Bottom Line Gains In Third Quarter

Cal Biesecker By
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SAIC Posts Slight Top And Bottom Line Gains In Third Quarter
SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] last Thursday posted higher earnings and sales in its third quarter due to federal contracts in its defense and civilian portfolios and lower interest expense.Net income eked out a 2 percent gain to $43 million, 98 cents earnings per share (EPS), from $42 million (91 cents EPS) a year ago, topping consensus estimates by 11 cents per share. SAIC attributed the improvement to lower interest expense as a result of refinancing its long-term debt.Operation margins…

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