Defense Stock Leidos Q2 Revenue Surges 8%, Raises Annual Outlook

by

in

Leidos Holdings, Inc (NYSE:LDOS) reported second-quarter fiscal 2024 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.

Adjusted net income was $358 million …

Full story available on Benzinga.com