Leidos (LDOS) Tops Q1 EPS by 9c

Leidos (NYSE: LDOS) reported Q1 EPS of $0.88, $0.09 better than the analyst estimate of $0.79. Revenue for the quarter came in at $2.58 billion versus the consensus estimate of $2.54 billion.

Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "The Company had a good start to the year with first quarter performance exceeding our expectations on revenue, margins and earnings per share. The diverse mix of our business, as well as our focus on execution of both customer programs and cost reduction initiatives, enabled these strong results, and reinforces our confidence in our previously issued full year guidance. We remain committed to focusing on growth, profitability, and cash generation to deliver value to our customers, employees and shareholders."

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

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