SAIC SAI reported a drop in its fiscal second-quarter profit and announced its plans to split the company into two publicly traded companies.
SAIC's quarterly earnings declined to $110 million, or $0.32 per share, versus $178 million, or $0.50 per share, in the year-ago period.
Its revenue surged to $2.85 billion from $2.6 billion.
SAIC shares jumped 10.08% to $13.00 in the after-hours trading session.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in