Wednesday, 1 November 2023

LDOS Earnings: A snapshot of Leidos’ Q3 2023 report

by Rose White

Leidos Holdings, Inc. (NYSE: LDOS), a provider of engineering services and solutions, Tuesday reported an increase in adjusted earnings and revenues for the third quarter of 2023. The company also provided guidance for fiscal 2023.

LDOS Earnings: A snapshot of Leidos’ Q3 2023 report

LDOS Earnings: A snapshot of Leidos’ Q3 2023 report

At $3.92 billion, third-quarter revenues were up 9% year-over-year. Revenues of all three operating segments increased during the three-month period.

On an unadjusted basis, the company reported a net loss of $399 million or $2.91 per share for the September quarter, compared to a profit of $162 million or $1.17 per share in the prior year period. Adjusted profit was $2.03 per share, up 28% from last year.

For fiscal 2023, the company expects revenues to be in the range of $15.1 billion to $15.3 billion, and adjusted earnings per share between $6.80 and $7.10.

Prior Performance

  • Leidos Holdings Q4 2022 earnings infographic
  • Leidos-Holdings-Q3-2022-Earnings-Infographic

The post LDOS Earnings: A snapshot of Leidos’ Q3 2023 report first appeared on AlphaStreet.

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