RESTON, Va. (AP) _ Science Applications International Corp. (SAIC) on Tuesday reported fiscal first-quarter earnings of $49 million.
The Reston, Virginia-based company said it had net income of $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The information technology company posted revenue of $1.18 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.12 billion.
SAIC shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $88.08, a rise of 8 percent in the last 12 months.