13.02.202411:04:00UTC+00Leidos Holdings, Inc. Q4 Profit Increases, beats estimates

Leidos Holdings, Inc. (LDOS) unveiled its fourth-quarter earnings, revealing an increase from the previous year and surpassing Wall Street's predictions. The firm recorded a net income of $229 million or $1.66 per share. This is in contrast to $177 million or $1.28 per share reported in the fourth quarter of the last financial year.

After accounting for special items, the company’s adjusted earnings stood at $275 million, equating to $1.99 per share for the quarter. According to data compiled by Thomson Reuters, on average, analysts had anticipated an earnings report of $1.74 per share. These estimates typically exclude exceptional items.

The firm's revenue for the quarter also displayed an upturn, with a 7.6% increase to $3.98 billion from last year's $3.70 billion.

A brief look at Leidos Holdings, Inc.'s earnings on GAAP standards:

- Earnings (Q4): Rise from $177 million last year to $229 million this year.

- Earnings Per Share (Q4): An increase from $1.28 in the previous year to $1.66.

- Analyst Estimate: $1.74

- Revenue (Q4): An upsurge from $3.70 billion last year to $3.98 billion.