US Stocks Mixed; SAIC Posts Upbeat Results
Portfolio Pulse from Lisa Levin
US stocks traded mixed with Dow Jones dropping around 20 points. Energy shares jumped by 1.1% while financial shares fell by 0.1%. Science Applications International Corp (SAIC) reported better-than-expected Q1 results with a 2% Y/Y revenue growth to $2.03 billion and adjusted EPS of $2.14.
June 05, 2023 | 1:47 pm
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Science Applications International Corp (SAIC) reported better-than-expected Q1 results with a 2% Y/Y revenue growth to $2.03 billion and adjusted EPS of $2.14.
SAIC's better-than-expected Q1 results, with a 2% Y/Y revenue growth and adjusted EPS of $2.14, indicate a strong financial performance. This positive news is likely to have a short-term positive impact on the company's stock price.
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IMPORTANCE 80
RELEVANCE 100