SAIC (NYSE:SAIC) sees 2% revenue boost in Q2 fiscal 2025
Full story: https://grafa.com/news/united-states-saic--nyse-saic--sees-2--revenue-boost-in-q2-fiscal-2025-271188 Science Applications International Corporation (NYSE:SAIC) has disclosed its financial outcomes for the second quarter of fiscal year 2025, demonstrating steady growth amidst challenging market conditions. The defense contractor reported revenues of $1.82 billion, marking a 2% increase in organic growth. The company's net income was recorded at $81 million, with an adjusted EBITDA of $170 million, representing 9.4% of total revenues. Additionally,
🎁Q2-3 EPS Weekly: ADBE, FDX, AZO May Generate Higher EPS
😀Hi Tigers,We invite you to take a closer look at the top recent winners by EPS.In this post, we have highlighted the top 10 EPS gainers released on Sept. 5 to Sept. 12 and also mentioned the top 10 stocks with estimated higher EPS that will release their earnings in the period of Sept.13-Sept.20.1. Why EPS Matters?Earnings per share(EPS), refers to the income per share brought to investors/shareholders in the open market.EPS is calculated as a company's profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company's profitability.Investors like companies with high profitability, and the market always rewards those earnings results that beat the estimates. Hope the following content helps you learn more about good companies.2. Weekly
Volkswagen to Boost EV Business by Investments in Xpeng and Further Cooperation with SAIC
BEIJING, July 26 (TiPost)— German automobile giant Volkswagen Group is resorting partnership with Chinese rivals to boost its business in the electric vehicle (EV) sector. Credit:Visual China Chinese EV manufacturer Xpeng Inc. announced on Wednesday it has sealed a framework agreement on strategic technical collaboration with Volkswagen, and the two parties reached a share purchase agreement for strategic minority investment. Under the investment agreement, Volkswagen will spend about US$700 million to acquire Class A ordinary shares at US$15 per American depositary share. When the deal completes, Volkswagen is set to take an about 4.99% stakes in Xpeng and become the third largest shareholder, next to Xpeng’s CEO and cofounder He Xiaopeng and Alibaba Group. Volkswagen has entitled to appo
Audi May Make China Auto Industry's History with Takeover of SAIC's EV Platform
BEIJING, July 18 (TiPost)— German automobile giant Audi may first take over an electric vehicle (EV) platform from China, making history for the country’s auto industry that has been heavily relied on foreign-developed technology for decades. Credit:Audi Audi is in talks with several Chinese original equipment manufacturers, or OEMs, about acquisition of EV platform technology to reduce development time, Automobilwoche cited source at Audi earlier this month. The German publication said Oliver Blume, CEO of Audi parent Volkswagen Group, has approved Audi’s strategy to seek EV technology overseas. While it didn’t specify Chinese candidates that Audi considered, the news soon triggered speculations of Audi’s possible dealing with multiple automakers such as BYD, Geely, Nio, since China is an
Charts| Stocks and Croptos performance - LEVI,RPM,SAIC,BTC & ETH
Hello, everyone.Today I bring you the latest on hot U.S. stocks and cryptocurrencies: $Levi Strauss & Co(LEVI)$$RPM International Inc(RPM)$$Science Applications(SAIC)$ BTC and ETH1.LEVI $Levi Strauss & Co(LEVI)$ - Pattern CompletionLEVI is looking to form another bottom along the green lineThis creates a double bottom and a nice point for a recovery back up towards the red lineThis is a large W pattern once completed.2.RPM $RPM International Inc(RPM)$ - Return to Strong Trend Line Then UpStrong Trend Line up in greenI expect this line up to be retested as support, as pre
SAIC Motor Aims to Sell 1.5 million New Energy Vehicles in 2023
Image Source : China Visual BEIJING, February 9 (TMTPOST) —— China's largest carmaker SAIC Motor Corporation is going to scale up its new energy vehicle sales to 1.5 million by 2025, according to the announcement made by the company on Thursday, after A-share trading. SAIC, a partner of US carmaker General Motors and Germany's Volkswagen, said it sold 238,000 vehicles at the wholesale level in January, with 307,000 vehicles delivered at the terminal. In January, SAIC's overseas wholesale sales reached 76,600 vehicles, up 17.1% year on year. Sales of new energy vehicles in January reached 32,221 units, down 55.39 percent year-on-year. In addition, the company will continue to make breakthroughs in high-end smart electric brands and overseas markets by fully relying on its strong industrial
Dongzheng’s Potential MGO Price from SAIC at HK$1.2430
The completion procedures for the auction will take place within six months. At the last close and for a 1 November completion, the annualised spread to the MGO price is 12.7%. The potential MGO price is HK$1.2430 per H Share vs Dongzheng Automotive Finance (2718 HK)’s previously noted HK$1.294 per H Share due to the change in RMB/HK$ rates. The completion procedures for the auction will take place within six months. Approvals have low risk as the SAIC Motor (600104 CH)’s controlling shareholder is owned by the Shanghai SASAC. At the last close and for a 1 November completion, the gross and annualised spread to the MGO price is 5.3% and 12.7%, respectively. Full analysis here:- https://www.smartkarma.com/insights/dongzheng-s-potential-mgo-price-from-saic-at-hk-1-2430?utm_source=tiger_commu
At HK$1.18/share as I type, this is trading at a gross/annualised spread of 5.3%/19.2%, assuming mid-September completion. Get involved here. This is a clean deal. It's now official - SAIC Motor (600104 CH) has made a possible unconditional mandatory cash Offer for Dongzheng Automotive Finance (2718 HK). To recap: on the 19 May, SAIC acquired China Zhengtong Auto Services Hldg (1728 HK)'s 71.04% stake in Dongzheng at a judicial auction. This triggers the mandatory Offer. The new news from today's announcement is that the Offer price was reduced to HK$1.243/share - presumably on account of moves in HKD vs. RMB. The Offer price is final. Full analysis here:- https://www.smartkarma.com/insights/saic-s-unconditional-offer-for-dongzheng?utm_source=tiger_community By David Blennerhassett, I
SAIC Wins the Auction for the 71.04% Stake in Dongzheng, MGO Upcoming
SAIC, the successful bidder, will hold 30%+ of the voting rights, requiring an MGO at a price not less than the auction price of HK$1.294. Shares remain suspended pending the auction sale judgment. On 19 May, SAIC Motor (600104 CH) emerged as the successful bidder for China Zhengtong Auto Services Hldg (1728 HK)’s 71.04% stake in Dongzheng Automotive Finance (2718 HK). As SAIC will hold 30%+ of the voting rights, it will result in an MGO at a price not less than the auction price of HK$1.294 per H Share. Dongzheng shares remain in a trading halt. The equity interest will transfer to SAIC and the MGO launched when the Shanghai Financial Court issues an auction sale judgment. By Arun George - https://www.smartkarma.com/profiles/arun-george?utm_source=tiger_community On Dongzheng Automo
Shh! SAIC's Unconditional Offer For Dongzheng (2718 HK)
Dongzheng remains suspended so there is nothing to do yet. This should trade very tight to terms, possible through terms, given a larger credible parent, and Dongzheng's depressed share price. On the 19 May, SAIC Motor (600104 CH) acquired China Zhengtong Auto Services Hldg (1728 HK)'s 71.04% stake in Dongzheng Automotive Finance (2718 HK) at a judicial auction. Reportedly SAIC was the only bidder. The price paid appears to be at the minimum bid price of HK$1.294/share. The acquisition will trigger an unconditional Offer for the H shares. SAIC and ZhengTong have announced the outcome of the auction. But still no word from Dongzheng. By David Blennerhassett - https://www.smartkarma.com/profiles/david-blennerhassett?utm_source=tiger_community On Dongzheng Automotive Fi
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces. It serves the U.S. army and navy; air force, other Department of Defense and Federal Government; joint commands and space force; federal civilian agencies; health services; and space industries. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia.