==Science Applications (SAIC) reported earnings on Mon 4 Dec 23 (b/o)

 

Science Applications beats by $0.58, beats on revs; raises FY24 EPS above consensus, revs above consensus

• Reports Q3 (Oct) earnings of $2.27 per share, $0.58 better than the FactSet Consensus of $1.69; revenues fell 0.7% year/year to $1.9 bln vs the $1.79 bln FactSet Consensus.
• Co issues upside guidance for FY24, sees EPS of $7.70-7.90 vs. $7.42 FactSet Consensus and above prior guidance of $7.20-7.40; sees FY24 revs of $7.33-7.35 bln vs. $7.24 bln FactSet Consensus and above prior guidance of $7.20-7.25 bln.