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RESTON, Va. (AP) _ Leidos Holdings Inc. (LDOS) on Tuesday reported fourth-quarter earnings of $197 million.
The Reston, Virginia-based company said it had profit of $1.37 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The security and engineering company posted revenue of $3.25 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $3.4 billion.
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For the year, the company reported profit of $628 million, or $4.36 per share. Revenue was reported as $12.3 billion.
Leidos expects full-year earnings in the range of $6.15 to $6.45 per share, with revenue in the range of $13.7 billion to $14.1 billion.
Leidos shares have decreased slightly more than 1% since the beginning of the year. The stock has decreased 13% in the last 12 months.
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
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