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Sales Rise, Earnings Fall At SAIC In Fourth Quarter

By Cal Biesecker

Tuesday, March 29th, 2016

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Sales Rise, Earnings Fall At SAIC In Fourth Quarter

SAIC CEO Tony Moraco

Science Applications International Corp. [SAIC] on Tuesday posted higher fourth quarter sales due to an acquisition last year while net income fell on an increase in interest expense and lower operating income.Net income slid 22 percent to $28 million, 60 cents earnings per share (EPS), from $36 million (75 cents EPS), a penny below consensus estimates. Excluding acquisition related expenses per share earnings were 74 cents.Sales in the quarter climbed 13 percent to nearly $1.1 billion from $952 million a…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

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Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

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Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]