NEW YORK (TheStreet) -- Shares of Science Applications Int'l Corp.(SAIC) - Get Report closed up 2.16% to $58.56 on heavy trading volume Monday after the McLean, VA-based company reported solid results for the 2017 fiscal first quarter.
Before today's market open, the information technology company posted adjusted earnings of 80 cents per diluted share, surpassing analysts' expectations of 74 cents per share.
Revenue rose 20% to $1.22 billion year-over-year and was above Wall Street's estimates of $1.15 billion.
"The combination of modest market improvements, notable business development results, and an increase in the pace of share repurchases provides a sound foundation to start the fiscal year," CEO Tony Moraco said in a statement.
About 1.02 million of the company's shares changed hands today compared to its average volume of 202,111 shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SAIC