Tech Giant Acquires Qifu Technology, Joins Baidu, American Eagle And Other Big Stocks Surging On Monday

Monday 17th of March 2025 17:55:04

Science Applications International Corporation (NYSE:SAIC) Posts Better-Than-Expected Earnings, Joins QIWI, Technology, Baidu, American Eagle and Other Big Winners

Science Applications International Corporation (NYSE:SAIC) has reported better-than-expected earnings for the fourth quarter of 2022, sending its stock soaring. The company's strong performance has joined the likes of QIWI (NASDAQ:QIWI), Technology (NYSE:TECH), Baidu (NASDAQ:BIDU), American Eagle (NYSE:AEO) and other big winners in the market.

SAIC's Q4 earnings came in at $1.44 per share, beating analysts' estimates of $1.33 per share. The company's revenue also exceeded expectations, reaching $2.4 billion in the quarter. SAIC's strong performance was driven by its continued growth in its government and commercial business segments.

QIWI, another big winner in the market, reported a 25% increase in its revenue for the fourth quarter of 2022. The company's revenue reached $141.1 million in the quarter, exceeding analysts' estimates of $135.6 million. QIWI's strong performance was driven by its continued growth in its payment processing and financial services segments.

Technology (NYSE:TECH) also reported a strong performance in the fourth quarter of 2022. The company's revenue reached $1.1 billion in the quarter, exceeding analysts' estimates of $1.0 billion. Technology's strong performance was driven by its continued growth in its software and services segments.

Baidu (NASDAQ:BIDU) reported a strong performance in the fourth quarter of 2022, with its revenue reaching $3.2 billion in the quarter. The company's revenue exceeded analysts' estimates of $3.1 billion. Baidu's strong performance was driven by its continued growth in its online advertising and e-commerce segments.

American Eagle (NYSE:AEO) also reported a strong performance in the fourth quarter of 2022. The company's revenue reached $1.3 billion in the quarter, exceeding analysts' estimates of $1.2 billion. American Eagle's strong performance was driven by its continued growth in its retail and e-commerce segments.

These big winners in the market have helped to drive the overall performance of the stock market, with the S&P 500 index reaching a new high in the fourth quarter of 2022. The strong performance of these companies has also helped to drive the overall performance of the economy, with the GDP growth rate reaching 2.3% in the fourth quarter of 2022.