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Leidos Reports Higher Earnings, Sales In Second Quarter

Cal Biesecker By
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Leidos Reports Higher Earnings, Sales In Second Quarter
Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday reported slightly higher earnings on a solid increase in sales in its second quarter, driven by growth across its segments. Net income rose a scant 1 percent to $172 million, $1.24 earnings per share (EPS), from $170 million ($1.18 EPS) a year ago. Excluding various acquisition-related, amortization and asset impairment costs, adjusted earnings of $1.59 EPS topped consensus estimates by three cents. Operating income was higher at two of the company’s three segments, Defense Solutions and…

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