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Leidos Posts Higher Sales, Income In Third Quarter; Plans Reorganization

Cal Biesecker By
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Leidos Posts Higher Sales, Income In Third Quarter; Plans Reorganization
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday posted higher earnings and sales in its third quarter and reported exceptionally strong bookings, particularly from intelligence community customers, and the company said it will reorganize into four operational segments beginning in January.Net income was up 79 percent to $147 million, 96 cents earnings per share (EPS), from $82 million (53 cents EPS) a year ago. Excluding amortization of acquired intangible assets and other integration and restructuring costs, adjusted earnings were $1.14 EPS, nipping consensus estimates…

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