Leidos (NYSE: LDOS) reported Q1 EPS of $1.13, $0.13 better than the analyst estimate of $1.00. Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.48 billion.

Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "We delivered a solid Q1 and executed well on our growth strategy while maintaining rigorous discipline on profitability and cash generation. The strong bookings, accelerating revenue growth, and substantial cash generated during the quarter demonstrate our continued momentum in creating value for our employees, customers, and shareholders."

GUIDANCE:

Leidos sees FY2019 EPS of $4.30-$4.65, versus the consensus of $4.54. Leidos sees FY2019 revenue of $10.5-10.9 billion, versus the consensus of $10.69 billion.

• Adjusted EBITDA margins of 9.9% to 10.1%;
• Cash flows provided by operating activities at or above $825 million, up from previous guidance of at or above $725 million.

For earnings history and earnings-related data on Leidos (LDOS) click here.