SAIC, Inc. (SAI) Tuesday reported fourth-quarter profit of $186 million, compared to a loss of $161 million in the comparable period last year.
Income from continuing operations totaled $182 million or $0.54 per share, compared to a loss of $161 million or $0.49 per share last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.52 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $2.71 billion from $2.47 billion last year. Analysts expected revenues of $2.71 billion.
Looking ahead to the fiscal year 2014, the company has forecast earnings from continuing operations in the range of $1.16 to $1.33 per share. Revenues are projected in the order of $10.0 billion to $10.7 billion.
Analysts, based on consensus, currently expect the company to report full-year earnings of $1.27 per share on revenues of $10.82 billion.
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