Science Applications rises on better-than-expected forecast

Science Applications International

17/03/2025 13:06

** Shares of U.S. technology services firm Science Applications SAIC.O rise nearly 9% to $113.63 in premarket trading

** Co forecasts FY2026 adjusted profit per share between  $9.10 and $9.30, beating analysts' estimate of $9.07 per share, according to data compiled by LSEG

** Total revenue increases 5.8% to $1.84 bln for the three months ended January 31

** Co gets majority of its revenue from technology service contracts with U.S. Department of Defense

** Stock down nearly 6.6% YTD as of last close; it fell 10.1% in 2024

 (Reporting by Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))