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Earnings Dip, Sales Up In Fourth Quarter At Leidos

Cal Biesecker By
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Earnings Dip, Sales Up In Fourth Quarter At Leidos
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday ended a strong year with mixed results in its fourth quarter as net income fell despite strong sales growth. Net income in the quarter slid 11 percent to $176 million, $1.23 earnings per share (EPS), from $197 million ($1.37 EPS) a year ago. Excluding acquisition-related and certain other costs, adjusted earnings of $1.56 EPS in the quarter were four cents below consensus estimates. At the operating level, earnings were lower on a steep drop in profit…

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