RESTON, Va. (AP) — RESTON, Va. (AP) — Leidos Holdings Inc. (LDOS) on Tuesday reported second-quarter earnings of $391 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $3.01. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $3.21 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The security and engineering company posted revenue of $4.25 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $4.23 billion.
Leidos expects full-year earnings in the range of $11.15 to $11.45 per share, with revenue in the range of $17 billion to $17.25 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LDOS at https://www.zacks.com/ap/LDOS
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