Leidos Sees Robust Demand In Digital Modernization, Raises Annual Outlook
Portfolio Pulse from Anusuya Lahiri
Leidos Holdings, Inc (NYSE:LDOS) reported a 9% YoY revenue growth in Q3 FY23 to $3.92 billion, beating the consensus of $3.77 billion. The company also raised its FY23 revenue guidance to $15.1 billion - $15.3 billion. The results reflect increased demand for digital modernization and medical examination solutions. LDOS shares are trading higher by 2.70% at $94.27 premarket.
October 31, 2023 | 1:06 pm
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Leidos Holdings reported strong Q3 FY23 results, beating revenue consensus and raising FY23 guidance. This reflects increased demand for their services, which could positively impact the stock.
Leidos Holdings reported strong Q3 FY23 results, with a 9% YoY revenue growth and beating the consensus. The company also raised its FY23 revenue guidance, reflecting increased demand for their services. This positive financial performance is likely to boost investor confidence and positively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100