Science Applications International Corp Expects FY24 Revenue of $7.20B-$7.25B (Prior $7.125B-$7.225B) Vs $7.2B Est, Adj EPS $7.20-$7.40 (Prior $7.00-$7.20) Vs $7.16 Est
Portfolio Pulse from Benzinga Newsdesk
Science Applications International Corp (SAIC) has updated its FY24 guidance. The company now expects revenue of $7.20B-$7.25B, up from the previous estimate of $7.125B-$7.225B. The adjusted EPS is also expected to increase from $7.00-$7.20 to $7.20-$7.40.
September 07, 2023 | 11:05 am
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SAIC has increased its FY24 revenue and EPS guidance. This could potentially lead to a positive reaction in the stock market.
Companies often see their stock prices increase when they raise their financial guidance, as it signals to investors that the company is performing well and expects to continue doing so. In this case, SAIC has raised both its revenue and EPS guidance for FY24, which could make the stock more attractive to investors.
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