Science Applications International (NYSE:SAIC) reports 3Q18 earnings

Science Applications International (NYSE:SAIC) reported net income for the third quarter of $ 43.00 million or $ 0.98 per share, compared to income $ 42.00 million or $ 0.91 per share for the year-ago quarter.

The based company recorded revenue for third quarter rose 3% to $ 1.15 billion from $ 1.11 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected SAIC to report income of $ 0.87 per share on revenue of $ 1.11 billion for the third quarter.

Tony Moraco, CEO, said: SAICs third quarter performance delivers on the expectations of revenue growth and improved profitability. In addition to the continued strong business development results, I am encouraged by the ongoing actions to align operations to our long-term strategy to drive the future success of the company.

For the nine months period, Science Applications International disclosed net income of $ 128.00 million or $ 2.86 per share from the revenue of $ 3.33 billion.

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