Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2020 Results

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Go back to Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2020 Results

Leidos (LDOS) Reports In-Line Q1 EPS; Lowers FY20 EPS/Revenue Guidance

May 5, 2020 6:06 AM EDT

Leidos (NYSE: LDOS) reported Q1 EPS of $1.19, in-line with the analyst estimate of $1.19. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.89 billion.

Roger Krone, Leidos Chairman and Chief Executive Officer, commented: "First quarter results demonstrated the resiliency of our business, as evidenced by strong pro-forma organic revenue growth across all business segments, significant bookings and a new record backlog position. While the COVID-19 pandemic presented some late quarter headwinds, we are confident that the critical nature of our work, coupled with our early business contingency planning, will largely... More