Leidos Holdings (LDOS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Leidos Holdings (LDOS) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.68. The company posted revenue of $1312.00 million in the period, compared to analysts expectations of $1274.59 million. The company’s revenue was up 5.3% compared to the same quarter last year.

Leidos Holdings opened for trading at $50.96 and hit $51.87 on the upside on Friday, eventually ending the session at $51.62, with a gain of 1.06% or 0.54 points. The heightened volatility saw the trading volume jump to 3,53,780 shares. Company has a market cap of $3,725 M.

In a different news, on Mar 15, 2016, Robert S Shapard (director) purchased 4,000 shares at $47.04 per share price. According to the SEC, on Mar 15, 2016, James Reagan (CFO) purchased 2,600 shares at $46.83 per share price. On Mar 9, 2016, Roger A Krone (CEO) purchased 5,000 shares at $46.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Leidos Holdings

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