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SAIC Beats Estimates, Boosts Outlook; BlackBerry Q2 Revenue Falls Short

  • September 07th, 2023
  • 403 views

Science Applications International Corporation (NYSE: SAIC) reported second-quarter fiscal 2024 earnings of $2.05 per share, surpassing the consensus EPS estimate of $1.62. The company's quarterly sales amounted to $1.78 billion, slightly exceeding analysts' projected revenue of $1.69 billion.

SAIC has raised its full-year fiscal 2024 adjusted EPS guidance to a range of $7.20 to $7.40 from the prior range of $7.00 to $7.20, compared to the consensus EPS estimate of $7.16 for the period.

$SAIC was trading at $118.00 in pre-market, up $2.47 (+2.14%).

In separate news, BlackBerry Limited (NYSE: BB) announced that it anticipates second-quarter fiscal 2024 revenue to be approximately $132 million, which falls short of the consensus revenue estimate of $156.85 million for the period.

In pre-market, $BB was trading at $4.93, down $0.61 (-11.01%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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