Science Applications Q4 Earnings Crush Estimates Helped By New Contract Volume, Stock Gains

Science Applications International Corp (NASDAQ: SAIC) posted a 6% year-on-year sales growth to $1.84 billion, surpassing analyst expectations of $1.81 billion. Adjusted EPS of $2.57 also beat the consensus of $2.08. The company's operating income surged 75%, with a 300 basis point improvement in operating margin.