WASHINGTON (dpa-AFX) - (Adds Outlook)
Leidos Holdings, Inc. (LDOS) announced earnings for its second quarter that increased from the same period last year but beat the Street estimates.
The company's bottom line came in at $171 million, or $1.24 per share. This compares with $169 million, or $1.18 per share, in last year's second quarter.
Excluding items, Leidos Holdings, Inc. reported adjusted earnings of $219 million or $1.59 per share for the period.
Analysts on average had expected the company to earn $1.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.3% to $3.60 billion from $3.45 billion last year.
Outlook:
Leidos Holdings reiterated its fiscal 2022 guidance.
For the year, revenue is still expected in the range of $13.9 billion - $14.3 billion and adjusted EPS in the range range of $6.10 - $6.50 for the year.
Analysts on average, expect the company to report earnings of $6.48 per share on revenue of $14.19 billion for the period.
Leidos Holdings, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $171 Mln. vs. $169 Mln. last year. -EPS (Q2): $1.24 vs. $1.18 last year. -Analyst Estimate: $1.56 -Revenue (Q2): $3.60 Bln vs. $3.45 Bln last year.
-Guidance: Full year EPS guidance: $6.10 - $6.50 Full year revenue guidance: $13.9 - $14.3 Bln
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