Leidos Holdings (LDOS) Beats on Q1 Earnings, Ups '24 EPS View

Leidos Holdings, Inc.’s (LDOS) first-quarter 2024 adjusted earnings of $2.29 per share beat the Zacks Consensus Estimate of$1.65 by 38.8%. The bottom line also increased 55.8% from $1.47 registered in the prior-year quarter.The year-over-year upside was driven by increased volumes of fixed-rate managed health services and improved cost control across the company.LDOS reported GAAP earnings of$2.07 per share, up from the prior-year quarter’s level of $1.17.Total RevenuesLeidos Holdings generated total reve ...