SAIC jumps 16% as profit beats estimates, outlook improves

SAIC surged over 16% after reporting Q3 adjusted EPS of $2.58, beating estimates by more than $0.50, with revenue of $1.87 billion in line with forecasts. The company raised full-year EBITDA and EPS guidance, now expecting $9.80 - $10.00 per share. SAIC said margins strengthened despite a slight revenue decline, helped by solid program execution.