NEW YORK (TheStreet) -- Science Application International (SAIC) shares closed trading down 5.19% to $50.46 on Tuesday following the release of the technology integrator's first quarter earnings results before the opening bell today.
The McLean, VA-based company reported first quarter earnings of $33 million, or 73 cents per diluted share, on revenue that rose 3.3% year over year to $1.01 billion.
Analysts on average were expecting the company to report earnings of 75 cents per share on revenue of $980 million.
Separately, the company announced that its board approved a 10.7% increase to its quarterly dividend to 31 cents per share from 28 cents per share.
The dividend is payable July 30 to shareholders of record on July 15.
TheStreet Ratings team rates SCIENCE APPLICATIONS INTL CP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCIENCE APPLICATIONS INTL CP (SAIC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: