“Company’s Stock Falls 11.34% to 6.46 Due to Earnings Disappointment”

Science Applications Internation (SAIC) reported strong earnings in quarter four of 2024, with earnings of .43 per share on a revenue of .7 billion. This beat estimates by million, although it was lower than the earnings of .04 per share on revenue of billion in the same quarter a year ago. As a result, the stock fell 11.34% to 6.46 after the report.

Despite the drop in profit margins, Science Applications Internation has been performing well over the past few months. The company received a Bullish Sentiment Rank from InvestorsObserver leading up to the report, and has a high Long-Term Technical Rank of 78, placing it in the top 25% of stocks. SAIC hit a 52-week high of 5.17 on March 6, 2024, and reached a low of .43 on May 25, 2023.

Science Applications International Corp provides technical, engineering, and enterprise IT services mainly to the U.S. government. Their services include engineering, systems integration, and information technology for government projects, emphasizing higher-end technology services. Their end-to-end enterprise IT offerings cover the full range of customers’ IT infrastructure. Wall Street analysts had previously given a Hold recommendation for the company, but this could change based on the latest earnings report.

spot_img

More from this stream

Recomended

Lorde’s New Album: A Captivating Celebration of Pure, Playful Pop Brimming with Paradoxical Energy

Discover Lorde’s "Virgin" as it delves into the essence of value in modern pop culture, highlighting themes of vulnerability, authenticity, and the ‘raw’ experience. This insightful exploration is brought to you by The Converser.

Discover Australia’s Adorable Trio: Meet the Country’s Cutest Mammals!

Discover the groundbreaking revelation that the kultarr, one of Australia's most elusive marsupials, is actually three distinct species. Read more from The Converser for fascinating insights into this wildlife breakthrough.

Is Coexisting with a Nuclear-Iran Possible? Exploring the Reluctant Acceptance of Reality.

Explore why a nuclear-armed Iran may not pose an existential threat to Israel and the US. Discover insights and analysis from The Converser on this critical geopolitical issue.

Celebrating Mozambique: A 50-Year Journey of Independence and Progress

Reflecting on 50 years of Mozambique's independence from Portugal, this year's celebrations are overshadowed by significant national divisions. Read more in this insightful overview from The Converser.

“Anticipating Russian Interference: What’s at Stake in the Upcoming Elections Near Ukraine’s Borders?”

Stay informed about the upcoming election in Moldova with insights from The Converser, as experts predict potential interference from Russia. Learn more about the implications for democracy in the region.

Post-War Iran: A Fragile Future for Ethnic Minorities Amid Rising Vulnerability

Explore the history of the Islamic Republic's targeted actions against minority ethnic groups, particularly the Kurds, in times of perceived threat. Discover more insights from The Converser.