Why SAIC Stock Is Down Today

Science Applications International (NASDAQ: SAIC) beat Wall Street earnings expectations, but bookings were short of expectations. Investors are worried about the outlook, sending SAIC shares down 7% as of noon ET.Image source: Getty Images.SAIC is a defense contractor focused on providing IT and other services to military, intelligence, and civil government customers. The company earned $3.63 per share in its fiscal second quarter ending Aug. 1, topping Wall Street's $2.24-per-share estimate, but about $1.10 per share of that beat was due to one-time items, including lower tax expenses and legal benefits.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool