Leidos Holdings Q1 Adj. EPS $2.97 Beats $2.50 Estimate, Sales $4.25B Beat $4.10B Estimate

Leidos Holdings (NYSE:LDOS) reported quarterly earnings of $2.97 per share which beat the analyst consensus estimate of $2.50 by 18.8 percent. This is a 29.69 percent increase over earnings of $2.29 per share from the same period last year. The company reported quarterly sales of $4.25 billion which beat the analyst consensus estimate of $4.10 billion by 3.50 percent. This is a 6.79 percent increase over sales of $3.98 billion the same period last year.