Leidos Q3 Earnings Beat Expectations With Strong Demand In Defense And Health Services, Guidance Raised

Leidos Holdings, Inc. (NYSE:LDOS) on Tuesday reported third-quarter fiscal 2024 revenue growth of 7% year-over-year to $4.19 billion, beating the analyst consensus estimate of $4.07 billion. Demand across all customer segments, especially for managed health services, drove the growth. 

The defense, aviation, information technology, and biomedical research company's adjusted EPS was $2.93, up 44% year over year, beating the analyst consensus estimate of $2.02.

Adjusted net ...