RESTON, Va. (AP) 鈥� RESTON, Va. (AP) 鈥� Leidos Holdings Inc. (LDOS) on Tuesday reported second-quarter net income of $354 million.
On a per-share basis, the Reston, Virginia-based company said it had profit of $2.81. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $3.26 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.90 per share.
The security and engineering company posted revenue of $4.56 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $4.36 billion.
Leidos expects full-year earnings in the range of $12.20 to $12.50 per share, with revenue in the range of $18.2 billion to $18.4 billion.
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