Leidos: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 06:08 AM ET
Last Updated - Dec 16, 2024, 05:54 PM EST
RESTON, Va. (AP) — RESTON, Va. (AP) — Leidos Holdings Inc. (LDOS) on Tuesday reported third-quarter net income of $364 million.
On a per-share basis, the Reston, Virginia-based company said it had net income of $2.68. Earnings, adjusted for amortization costs and asset impairment costs, were $2.93 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The security and engineering company posted revenue of $4.19 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $4.04 billion.
