Leidos: Q3 Earnings Snapshot

RESTON, Va. (AP) _ Leidos Holdings Inc. (LDOS) on Tuesday reported third-quarter profit of $205 million.

The Reston, Virginia-based company said it had profit of $1.43 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.80 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The security and engineering company posted revenue of $3.48 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $3.58 billion.

Leidos expects full-year earnings in the range of $6.55 to $6.75 per share, with revenue in the range of $13.7 billion to $13.9 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

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