Leidos Holdings, Inc. (LDOS) unveiled its fourth-quarter earnings, revealing an increase from the previous year and surpassing Wall Street's predictions. The firm recorded a net income of $229 million or $1.66 per share. This is in contrast to $177 million or $1.28 per share reported in the fourth quarter of the last financial year.
After accounting for special items, the company’s adjusted earnings stood at $275 million, equating to $1.99 per share for the quarter. According to data compiled by Thomson Reuters, on average, analysts had anticipated an earnings report of $1.74 per share. These estimates typically exclude exceptional items.
The firm's revenue for the quarter also displayed an upturn, with a 7.6% increase to $3.98 billion from last year's $3.70 billion.
A brief look at Leidos Holdings, Inc.'s earnings on GAAP standards:
- Earnings (Q4): Rise from $177 million last year to $229 million this year.
- Earnings Per Share (Q4): An increase from $1.28 in the previous year to $1.66.
- Analyst Estimate: $1.74
- Revenue (Q4): An upsurge from $3.70 billion last year to $3.98 billion.
