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Business/Financial

As Expected, Leidos Reports Loss, Lower Sales Amid Challenges

Defense Daily Staff

Thursday, December 12th, 2013

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As Expected, Leidos Reports Loss, Lower Sales Amid Challenges

Leidos Chairman and CEO John Jumper. Photo: Leidos

Reporting financial results for the first time since its split with Science Applications International Corp. [SAIC] in September, Leidos [LDOS] on Tuesday reported lower sales and a loss in income due to a number or reasons, most of which were “pre-announced” last week by the company. The loss from continuing operations was $7 million, 11 cents earnings per share (EPS), the same as reported in the pre-announcement last week. A year ago earnings from continuing operations were $100 million (66…

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