Leidos Holdings (LDOS) Beats on Q2 Earnings, Ups '24 EPS View
LDOSLeidos(LDOS) ZACKS·2024-07-30 23:07

Leidos Holdings, Inc.’s (LDOS) second-quarter 2024 adjusted earnings of 2.63persharebeattheZacksConsensusEstimateof2.63 per share beat the Zacks Consensus Estimate of 2.26 by 16.4%. The bottom line also increased 46.1% from 1.80registeredintheprioryearquarter.Theyearoveryearupsidewasdrivenbyincreasedvolumesandhigherearnedincentivesonmanagedhealthservicesandimprovedcostcontrolacrossthecompany. LDOSreportedGAAPearningsof1.80 registered in the prior-year quarter.The year-over-year upside was driven by increased volumes and higher earned incentives on managed health services and improved cost control across the company. LDOS reported GAAP earnings of 2.37 per share, up from the prior-year quarter’s level of $1.50.Total RevenuesTotal revenues o ...