Leidos Holdings (LDOS) Q4 Earnings Top, Revenues Rise Y/Y
LDOSLeidos(LDOS) Zacks Investment Research·2024-02-13 23:46

Leidos Holdings, Inc.’s (LDOS) fourth-quarter 2023 adjusted earnings of 1.99persharebeattheZacksConsensusEstimateof1.99 per share beat the Zacks Consensus Estimate of 1.73 by 15%. The bottom line also increased 8.7% from 1.83registeredintheprioryearquarter.Theyearoveryearupsidewasdrivenbyanimprovedprogramexecutionandreducedindirectspendingacrossthecompanyaswellasincreasedvolumesandhigherincentiveawardsinthemedicalexaminationbusiness.ThecompanyreportedGAAPearningsof1.83 registered in the prior- year quarter. The year-over-year upside was driven by an improved program execution and reduced indirect spending across the company as well as increased volumes and higher incentive awards in the medical examination business. The company reported GAAP earnings of 1.66 per share, up from the prior-y ...