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.
Leidos expects full-year earnings in the range of $9.80 to $10 per share, with revenue in the range of $16.35 billion to $16.45 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LDOS at https://www.zacks.com/ap/LDOS
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
