Leidos (NYSE: LDOS) reported Q3 EPS of $1.47, $0.24 better than the analyst estimate of $1.23. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.17 billion.

• Revenues: $3.24 billion, year-over-year growth of 14.4%
• Diluted Earnings per Share: $1.13; Non-GAAP Diluted Earnings per Share: $1.47
• Net Bookings: $4.3 billion (book-to-bill ratio of 1.3)
• Cash Flows from Operations: $592 million

Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "Leidos' third quarter results reflect the hard work and dedication of our employees and close collaboration with our customers as we provided continuity of operations while accelerating our pandemic response plan. This is evidenced by record revenue, solid margins, record backlog and record operational cash generation in the recent quarter. While challenges still remain, we are pleased with the growth and margin trajectory as we enter the fourth quarter and beyond."

GUIDANCE:

Leidos sees FY2020 EPS of $5.65-$5.85, versus the consensus of $5.47. Leidos sees FY2020 revenue of $12.3-12.5 billion, versus the consensus of $12.4 billion.

As a result of the Company's year-to-date performance and updated expectations, the Company is revising its fiscal year 2020 guidance as follows:

• Revenues of $12.3 billion to $12.5 billion, from $12.2 billion to $12.6 billion;
• Adjusted EBITDA margins of 10.6% to 10.8%, from 10.0% to 10.2%;
• Non-GAAP diluted EPS of $5.65 to $5.85, from $5.25 to $5.55; and
• Cash flows provided by operating activities at or above $1.2 billion.

The Company's updated forward guidance reflects the currently expected impacts related to COVID-19

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