Leidos Holdings, Inc. Q4 Profit Decreases, misses estimates

Leidos Holdings, Inc. (LDOS) reported earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $174 million, or $1.23 per share. This compares with $197 million, or $1.37 per share, in last year's fourth quarter.

Excluding items, Leidos Holdings, Inc. reported adjusted earnings of $222 million or $1.56 per share for the period.

Analysts on average had expected the company to earn $1.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.4% to $3.49 billion from $3.25 billion last year.

Leidos Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $174 Mln. vs. $197 Mln. last year.
-EPS (Q4): $1.23 vs. $1.37 last year.
-Analyst Estimates: $1.60
-Revenue (Q4): $3.49 Bln vs. $3.25 Bln last year.

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