Shares of SAIC Inc. (NASDAQ: SAI) fell sharply on Wednesday after the defense contractor reported a dip in fiscal second quarter profit. Weaker revenue, expenses linked to a separation of the company into two and big asset impairment charge all weighed on the bottom line. Revenue and earnings per share also fell short of Street’s forecast. Besides, the Company also downwardly revised its outlook for the fiscal 2014. The Company now expects revenue of $9.7 billion to $10.2 billion down from earlier guidance of $10 billion to $10.7 billion.
Tag: SAI
Major Movers on March 27; LNN, CLF, AOL, FRAN, MFRM, SAI
Shares of Lindsay Corp. (NYSE: LNN) tumbled after the Company warned that orders for its equipments could drop due if prices of crops fall. The Company said that if US harvests turn out to be as strong as anticipated by some commentators then it could have adverse impact on its top line. The company said that until now it benefitted from “positive farmer sentiment” and “historical high farm incomes”
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SAIC Announces Special Dividend of $1 a Share, Q4 Results and Outlook Mixed (SAI)
Science Applications International Corp., (SAIC Inc.) (NYSE: SAI) reported mixed fiscal fourth-quarter results late on Tuesday and provided cautious guidance on the current fiscal year; however, shares leaped about 4.20% in aftermarket hours after the multi industry solution provider announced a special dividend of $1 a share.
Continue reading SAIC Announces Special Dividend of $1 a Share, Q4 Results and Outlook Mixed (SAI)
SAIC Reports Q1 Results, Announces Plans to Split into Two Publicly Traded Companies (SAI)
Science Applications International Corp (SAIC) (NYSE: SAI) after-market close on Thursday reported better-than-expected fiscal first quarter revenue and raised its outlook on full-year revenue. Nevertheless, earnings in the quarter fell short of expectations.