Plus   Neg

Leidos Holdings Boosts FY20 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Tuesday, science and technology company Leidos Holdings Inc. (LDOS) raised its adjusted earnings guidance for the full-year 2020, while trimming annual revenue outlook.

For fiscal 2020, the company now projects adjusted earnings in a range of $5.25 to $5.55 per share on revenues between $12.2 billion and $12.6 billion.

Previously, the company expected adjusted earnings in the range of $5.00 to $5.30 per share on revenues between $12.5 billion and $12.9 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.24 per share on revenues of $12.69 billion for the year. Analysts' estimates typically exclude special items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT