NEW YORK (TheStreet) -- Science Applications Int'l Corp.(SAIC) - Get Report stock is up by 11.41% to $51.86 in mid-afternoon trading on Tuesday, after the company reported better-than-expected 2016 fourth quarter earnings.
Before the market open today, the company reported earnings of 74 cents per share, higher than Wall Street's estimates for 61 cents per share.
Revenue of $1.06 was slightly lower than analysts' projections for $1.08 billion.
"New market access, key contract awards, excellent program performance, and delivery of strong financial results over the past year position SAIC for exciting opportunities to further invest in the business and continue generating shareholder value," CEO Tony Moraco said in a statement.
Based in San Diego, CA, SAIC provides IT, systems integration and business solutions services to the U.S. government.
Separately, 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.
TheStreet Ratings rates this stock as a "buy" with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: SAIC