(SAIC item updated for closing stock prices and to correct a misreported figure. Analysts were looking for per-share earnings of 32 cents in the quarter, not 31 cents.)NEW YORK ( TheStreet) -- Shares of SAIC (SAI), a government contractor that provides advanced cyber-defense services, tumbled 6% Wednesday afternoon in heavy trading after the company scaled back financial expectations for the coming year.
SAIC Shares Fall on Scaled-Back Views
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.