Leidos Holdings Beats on Q3 Earnings & Revenues, Raises '24 EPS View

Leidos Holdings, Inc.'s (LDOS) third-quarter 2024 adjusted earnings of $2.93 per share beat the Zacks Consensus Estimate of$1.96 by 49.5%. The bottom line also increased 44.3% from $2.03 registered in the prior-year quarter. The year-over-year upside was driven by increased volumes on managed health services programs and improved program execution and cost control across the company. LDOS reported GAAP earnings of$2.68 per share, implying a significant improvement from the prior-year loss of $2.91 per sha ...