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Leidos Posts Strong Third Quarter, Increases Earnings Guidance

Cal Biesecker By
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Leidos Posts Strong Third Quarter, Increases Earnings Guidance
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday followed up a strong second quarter with still strong financial results for its third quarter and the company raised its earnings guidance for the year. Net income soared 28 percent to $208 million, $1.43 earnings per share (EPS), from $163 million ($1.13 EPS) a year ago. Excluding certain expenses, adjusting earnings of $1.80 EPS topped consensus estimates by 18 cents per share. Adjusted operating margin rose 90 basis points to 11.6 percent. Sales in the quarter…

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