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Leidos Reports Higher Sales, Earnings In Fourth Quarter

Cal Biesecker By
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Leidos Reports Higher Sales, Earnings In Fourth Quarter
Leidos won a potential $2.9 billion NASA IT contract in the first quarter of 2019.

Leidos [LDOS] on Tuesday posted higher sales and earnings due to top line growth across its business segments and higher operating income in its Health and Civil segments. Net income increased 65 percent to $188 million, $1.25 earnings per share (EPS), from $114 million (74 cents EPS) a year ago. The strong earnings were driven by a huge increase in operating income, in large part due to higher acquisition and restructuring costs a year ago. Lower taxes also provided a…

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