SAIC, Inc. (SAI) Monday reported first-quarter net income of $81 million, compared to $117 million in the comparable period last year.
Income from continuing operations were $0.23 per share, compared to $0.35 per share last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues dropped to $2.71 billion from $2.76 billion last year, while ten analysts expected revenues of $2.59 billion. Revenues were impacted by the ramp down of certain contracts and the tightening of the U.S. Government budget, partially offset by growth in the Health and Engineering segment primarily resulting from the fiscal year 2013 acquisition of maxIT Healthcare Holdings, Inc. Internal revenues contracted by 4 percent.
Looking ahead to the fiscal year 2014, the company continues to to expect earnings from continuing operations to be in the range of $1.16 to $1.33 per share and revenues in the range of $10.0 billion to $10.7 billion.
Analysts, based on consensus, currently expect the company to report full-year earnings of $1.17 per share on revenues of $10.28 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.