Science Applications InternationalNYSE: SAIC

Science Applications' (SAIC) Q1 results are hurt by the sale of the logistics and supply chain division, rise in internal investment and program milestones weighted toward the second half of the year.

Science Applications International Corporation (NASDAQ:SAIC ) Q1 2025 Earnings Conference Call June 3, 2024 10:00 AM ET Company Participants Joseph DeNardi - SVP, IR and Treasurer Toni Townes-Whitley - CEO Prabu Natarajan - CFO Conference Call Participants Cai von Rumohr - TD Cowen Jason Gursky - Citi Matt Akers - Wells Fargo Sheila Kahyaoglu - Jefferies Seth Seifman - JPMorgan Bert Subin - Stifel David Strauss - Barclays Tobey Sommer - Truist Securities Operator Thank you for standing by. My name is Krista, and I'll be your conference operator today.

SAIC (SAIC) came out with quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $2.14 per share a year ago.

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corporation (Nasdaq: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended May 3, 2024. “We reported solid financial results in the quarter as we began executing against our enterprise growth strategy introduced at SAIC's 2024 Investor Day,” said SAIC CEO Toni Townes-Whitley.

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (Nasdaq: SAIC) announced today that the company's board of directors declared a cash dividend of $0.37 per share of the company's common stock payable on July 26, 2024 to stockholders of record on July 12, 2024. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financial condit.

Nio Inc (NYSE: NIO) is up 10% at writing after announcing a new partnership with IM Motors to “interconnect their charging networks”. $NIO is quickly growing its battery swap alliance Note that IM Motors is the electric vehicles unit of the Chinese state-owned SAIC Motor Corp.

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NASDAQ: SAIC) today announced the launch of Tenjin GPT, a new internal, generative Artificial Intelligence (AI) resource available to employees that harnesses cutting-edge AI capabilities to automate and optimize business processes. “Tenjin GPT is just one example of how SAIC is pushing the limits of technological innovation to provide employees with real-time insights and data analysis, as well as enhancing creativity and.

SAIC (SAIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

RESTON, Va.--(BUSINESS WIRE)--Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its first quarter fiscal year 2025 results before market open on Monday, June 3, 2024. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company's earnings press release. The conference call will be webcast simultaneously to the public through a link on the Investor Relations se.