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COVID-19

Leidos Reports Strong Second Quarter; COVID Concerns Bubbling Again

By Cal Biesecker

Tuesday, August 3rd, 2021

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Leidos Reports Strong Second Quarter; COVID Concerns Bubbling Again

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Tuesday posted strong second quarter results driven primarily by gains in its federal health solutions and defense businesses but despite a strong first half to 2021 the company didn’t raise its financial outlook for the year given uncertainties due to concerns over a surge in a new variant of the COVID-19 virus. Net income increased 10 percent to $169 million, $1.18 earnings per share (EPS) from $153 million ($1.06 EPS). Adjusted earnings, which exclude acquisition, integration and…

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