SAIC Reports Lower-than-Expected Q4 Earnings, Shares Drop

Science Applications International Corp. (SAIC) missed fourth-quarter earnings estimates due to increased costs, leading to a nearly 9% decline in its share price.

SAIC's fourth-quarter adjusted earnings per share fell short of forecasts at $1.43, with revenue declining 11.7% to $1.74 billion.
The company cited higher divestiture and compensation costs, including CEO transition expenses, as key factors behind the earnings miss.
Despite the quarterly shortfall, SAIC raised its full-year revenue outlook to between $7.35 billion and $7.50 billion.
SAIC warned that future dividends would depend on various financial metrics, following a dividend declaration of 37 cents per share for April.
Shares of SAIC, which hit a record high earlier this month, have dropped nearly 9% following the earnings report.

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