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These Analysts Raise Their Forecasts On Leidos Following Strong Earnings
Leidos Holdings, Inc (NYSE:LDOS) reported better-than-expected second-quarter fiscal 2024 earnings on Tuesday.
The company posted revenue growth of 8% year-over-year to $4.13 billion, beating the analyst consensus estimate of $4.06 billion, driven by demand across all customer segments, especially for managed health services. The defense, aviation, information technology, and biomedical research company's adjusted EPS was $2.63, up 46% year over year, beating the analyst consensus estimate of $2.27.
CEO Thomas Bell commented, "Our collaborative innovation strategy and capabilities-based organization position us well to deliver on our commitments for ...