U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.5% on Thursday.
Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased.
SAIC (SAIC) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $2.05 per share a year ago.
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.
Science Applications (SAIC) secures three Navy contracts worth $58.2 million, which are set to provide support for the Navy's jammer assets and electronic warfare programs.
Science Applications (SAIC) secures a $120 million contract from Naval Supply Systems Command to support the latter's fleet training missions.
China's SAIC Motor and German carmaker Volkswagen have signed several energy technology cooperation agreements related to their SAIC Volkswagen joint venture in China.
There are many potential economic slowdown signals, but equity markets holding up near all-time highs. The US industrial sector performing well, attractive industries and corporations within the sector. SAIC has potential competitive advantages, along with strong fundamentals and steady growth projections.
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.
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.