SAIC Beats Q2 Estimates (SAI)
Wed. September 02, 2009; Posted: 04:58 PM
Sep 02, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/2/2009 - SAIC, Inc. (NYSE:SAI) reported fiscal Q2 EPS of 31 cents, ex-items, topping the consensus estimates by one penny. Revenues rose 8% year-over-year to $2.75 billion, ahead of the consensus estimates of $2.72 billion. Chairman and CEO Ken Dahlberg said, "SAIC delivered another quarter of solid program execution and financial performance in the second quarter of fiscal year 2010. As we look forward to the transition to Walt Havenstein's leadership later this month, the company's employees and capabilities have created a strong foundation for continued growth." The company sees fiscal-year 2010 EPS growth of 11% to 18%.
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