Leidos: Q4 Earnings Snapshot
RESTON, Va. (AP) — RESTON, Va. (AP) — Leidos Holdings Inc. (LDOS) on Tuesday reported fourth-quarter earnings of $327 million.
The Reston, Virginia-based company said it had profit of $2.53 per share. Earnings, adjusted for one-time gains and costs, came to $2.76 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.
The security and engineering company posted revenue of $4.21 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $4.25 billion.
For the year, the company reported profit of $1.45 billion, or $11.14 per share. Revenue was reported as $17.17 billion.
Leidos expects full-year earnings in the range of $12.05 to $12.45 per share, with revenue in the range of $17.5 billion to $17.9 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