SAIC shares tumble 12% after quarterly report disappoints street

Science Applications International

02/06/2025 16:41

** Shares in Science Applications International Corp SAIC.O down 12% after quarterly report disappoints investors

** SAIC reported Q1 adj EPS of $1.92 missed avg analyst estimate of $2.13, per LSEG. Rev of $1.88 bln was up from $1.85 bln year-ago

** The technology integrator whose clients include the U.S. government reaffirmed FY view for rev range of $7.60 bln - $7.75 bln, adj EPS range of $9.10 - $9.30

** Stock last traded at $101.19 vs median PT of $123, up from $120.50 a month ago, as per LSEG, which shows 13 analyst ratings: 1 'strong buy,' 3 'buy,' 7 'hold' and 2 'sell' recommendations

** YTD down 9.5% vs ~3% drop for S&P 400 industrials sector .SPMDCI

(Reporting By Sinéad Carew)

((sinead.carew@thomsonreuters.com; +13322191897;))