Science Applications International Corporation (SAIC) has reported its third-quarter profits, showcasing an increase compared to last year and surpassing analysts' expectations. The company posted a net income of $106 million, equivalent to $2.13 per share, compared to $93 million, or $1.76 per share, for the corresponding quarter of the previous year.
When excluding certain items, SAIC disclosed adjusted net earnings of $130 million, or $2.61 per share, for this period. Analysts, surveyed by Thomson Reuters, had anticipated earnings of $2.16 per share, typically excluding special items in their estimates.
SAIC's revenue for the quarter saw a growth of 4.3%, reaching $1.976 billion from $1.895 billion in the same period last year.
Summary of SAIC's Financial Performance:
- **Earnings (Q3):** $106 million compared to $93 million last year.
- **Earnings Per Share (EPS, Q3):** $2.13 versus $1.76 last year.
- **Revenue (Q3):** $1.976 billion compared to $1.895 billion last year.
