Leidos Q2: 7% Revenue Growth, Higher Demand, Raised FY23 Topline Guidance & More
Portfolio Pulse from Nabaparna Bhattacharya
Leidos Holdings, Inc. (NYSE:LDOS) reported Q2 FY23 revenue growth of 6.7% YoY to $3.838 billion, beating the consensus of $3.726 billion. Adjusted EPS was $1.80, up 13% YoY, beating the consensus of $1.55. The company raised its FY23 revenue guidance to $14.9 billion-$15.2 billion. The Leidos Board of Directors declared a cash dividend of $0.36 per share to be paid on September 29, 2023.
August 01, 2023 | 1:43 pm
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Leidos Holdings reported strong Q2 FY23 results with revenue and EPS beating consensus estimates. The company also raised its FY23 revenue guidance and declared a cash dividend.
Leidos Holdings reported strong Q2 FY23 results, beating consensus estimates for both revenue and EPS. This positive earnings report, along with the raised FY23 revenue guidance and declared cash dividend, is likely to have a positive impact on the company's stock in the short term.
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IMPORTANCE 80
RELEVANCE 100