SAIC - SAIC shares slide after full-year profit forecast disappoints

Science Applications International Corporation (SAIC) shares drop 11.4% after hours following soft Q4 revenue and a mixed FY22 forecast.In Q4, revenue was up 12% on the year to $1.72B, $60M below consensus. EPS was $1.67, which came in $0.23 ahead of estimates.Adjusted EBITDA margin was up 60 bps on the year to 9.3%.Cash from operating activities was $53M with FCF of $38M.The company's FY22 guidance includes $7.1-7.3B in revenue (consensus: $6.91B), EPS of $6-6.25 (consensus: $7.22), adjusted EBITDA of 8.6-8.8%, and FCF of $430-470M.Press release.

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SAIC shares slide after full-year profit forecast disappoints