SAIC - What's Going On With Science Applications Stock Today? | Benzinga
Science Applications International Corp (NYSE: SAIC) reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion.
Adjusted EPS of $1.43 was in line with the consensus.
The sale of the logistics and supply chain management business, the deconsolidation of the Forfeiture Support Associates J.V. (FSA), and contract completions mainly led to the decline.
Adjusting for the impact of the divestiture of the Supply Chain Business and the deconsolidation of FSA, revenues grew by 7.7%.
The adjusted operating margin declined by 160 bps to 5.1%. Adjusted ...