RESTON, Va. (AP) — RESTON, Va. (AP) — Leidos Holdings Inc. (LDOS) on Tuesday reported third-quarter net income of $367 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $2.82. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $3.05 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.
The security and engineering company posted revenue of $4.47 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $4.27 billion.
Leidos expects full-year earnings in the range of $11.45 to $11.75 per share, with revenue in the range of $17 billion to $17.25 billion.
_____
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
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
/Oracle%20Corp_%20office%20logo-by%20Mesut%20Dogan%20via%20iStock.jpg)