Okay, so there is a big company called Science Applications International that helps the government with different projects. They told everyone how much money they made in the last three months of last year and it was not as much as people thought it would be. Because of this, many people who own little pieces of the company (called stocks) got worried and sold their shares, making the price go down by more than 10%.
Meanwhile, other companies had different things happening that made their share prices go up or down too. Some went up a lot because they said they did well in the past year or are expecting to do well soon. Others went down a lot because of problems like not having enough money or people not being interested in buying their products or services anymore.
Read from source...
- The title of the article is misleading and clickbait, as it does not explain why SAIC shares are trading lower by over 10%. It only states that they are, but does not provide any causal link or evidence. A better title would be "SAIC Shares Drop After Reporting Lower-Than-Expected EPS in Q4".
- The article lacks an introduction and background information about SAIC and its industry. The reader is left guessing why SAIC's performance matters and what are the main challenges and opportunities for the company. A good introduction should provide some context, scope, and purpose of the article.