Why SAIC Stock Is Down Today
SAICSAIC(SAIC) The Motley Fool·2024-03-18 23:06

Defense tech specialist Science Applications International (SAIC -9.70%) missed quarterly expectations due to expenses tied to its CEO transition. Investors are taking a harsh view, sending SAIC shares down 10% as of 10:30 ET on Monday. A bottom-line miss despite strong sales SAIC provides IT, tech, and engineering services to a range of government and defense customers. The company earned 1.43pershareinitsfiscalfourthquarter,endingFeb.2,whichfellshortofWallStreets1.43 per share in its fiscal fourth quarter, ending Feb. 2, which fell short of Wall Street's 1.47 consensus. Revenue ...