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SAIC Climbs on Calming Forecast
SAN FRANCISCO -- Shares of SAIC (SAI Quote) rose Tuesday after the company reaffirmed its full-year financial targets, giving investors confidence that it's weathering recent problems.
The stock was recently trading up 61 cents, over 3%, to $19.29 after management told analysts that the engineering- and information-technology-services contractor was on track to earn 83 to 88 cents a share from continuing operations for the current fiscal year, in line with prior guidance.
Analysts, on average, were expecting SAIC to earn 87 cents a share, excluding one-time items. ...
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