Why Science Applications International (SAIC) Is Up Today

NEW YORK (TheStreet) -- Science Applications International (SAIC) is climbing on Wednesday after earnings came in better than expected.

By late afternoon, shares had added 9% to $39.19.

The engineering and enterprise IT company reported net income of 66 cents a share in the three months to January. Analysts surveyed by Thomson Reuters had anticipated 65 cents a share.

Revenue of $941 million fell short of expectations by $4.16 million.

For the full year, the company reported net income of $2.27 a share, beating consensus by a penny, and revenue of $4.12 billion. Analysts had expected fiscal revenue of $4.09 billion.

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SAIC ChartSAIC data by YCharts

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