Science Applications International Corporation Announces 48% Advance In Q1 Bottom Line

(RTTNews) - Science Applications International Corporation (SAIC) reported a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $49 million, or $1.08 per share. This was higher than $33 million, or $0.71 per share, in last year's first quarter.

Analysts had expected the company to earn $1.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.1% to $1.10 billion. This was down from $1.21 billion last year.

Science Applications International Corporation earnings at a glance:

-Earnings (Q1): $49 Mln. vs. $33 Mln. last year. -Earnings Growth (Y-o-Y): 48.5% -EPS (Q1): $1.08 vs. $0.71 last year. -EPS Growth (Y-o-Y): 52.1% -Analysts Estimate: $1.04 -Revenue (Q1): $1.10 Bln vs. $1.21 Bln last year. -Revenue Change (Y-o-Y): -9.1%