Leidos Holdings (LDOS) Beats on Q2 Earnings, Ups '24 EPS View

The year-over-year upside was driven by increased volumes and higher earned incentives on managed health services and improved cost control across the company. The company recorded a total backlog of $36.49 billion, down from $36.57 billion in the first quarter of 2024. Of this amount, $8.02 billion was funded. Leidos Holdings, Inc.'s (LDOS) second-quarter 2024 adjusted earnings of $2.63 per share beat the Zacks Consensus Estimate of $2.26 by 16.4%. The bottom line also increased 46.1% from $1.80 registered ...