Thomas Fuller / SOPA Images / LightRocket / Getty Images
Shares of Science Applications International Corp. surged Monday after the company’s fourth quarter results beat expectations.
The government contractor’s revenue, adjusted earnings, and forecasts for the next fiscal year all topped estimates.
CEO Toni Townes-Whitley said SAIC also won a $1.8 billion contract with the U.S. Army after the quarter ended.
Shares of Science Applications International Corp. (SAIC) jumped Monday after the government technology contractor topped estimates for the fourth quarter.
The company said Monday it earned an adjusted $2.57 per share for the final quarter of fiscal 2025, up 80% year-over-year and well above the analyst consensus compiled by Visible Alpha. SAIC’s revenue also rose from the same time a year ago to $1.84 billion, narrowly topping estimates.
For fiscal 2026, SAIC forecasts full-year revenue of $7.6 billion to $7.75 billion, mostly above analysts’ estimates, while the range for adjusted EPS of $9.10 to $9.30 was well above the $9.04 analyst consensus. The company reported revenue of $7.48 billion and adjusted EPS of $9.13 in fiscal 2025.
CEO Toni Townes-Whitley said the company won a $1.8 billion U.S. Army contract after the quarter had ended, the company’s “largest recompete win in recent years,” adding to a backlog of contracts of around $20 billion.
Shares of the government contractor were up more than 7% Monday morning. They entered the day down about 27% over the last 12 months.
Read the original article on Investopedia
