Why Science Applications Shares Are Surging Monday Morning
Portfolio Pulse from Lekha Gupta
Science Applications International Corp (SAIC) reported a 2% Y/Y revenue growth in Q1 FY24 to $2.03 billion, beating the consensus of $1.96 billion. Adjusted EPS of $2.14 also beat the consensus of $1.77. The company raised its FY24 revenue and adjusted EPS guidance. SAIC shares are trading higher by 5.35% at $106.88 premarket.
June 05, 2023 | 11:46 am
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SAIC reported better-than-expected Q1 FY24 results, with 2% Y/Y revenue growth and adjusted EPS beating consensus. The company raised its FY24 guidance, and shares are up 5.35% premarket.
SAIC's better-than-expected Q1 FY24 results and raised guidance for FY24 indicate strong performance and positive outlook for the company. This news is likely to have a positive short-term impact on the stock price, as investors react to the strong results and increased guidance.
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RELEVANCE 100