Leidos Holdings Expects FY24 Revenue of $16.35B-$16.45B (Prior $16.1B-$16.4B) Vs $16.3B Est, Adj EPS of $9.80-$10.00 (Prior $8.60-$9.00) Vs $9.08 Est
Portfolio Pulse from Benzinga Newsdesk
Leidos Holdings has updated its fiscal year 2024 guidance, raising its revenue expectations to $16.35B-$16.45B from $16.1B-$16.4B, and adjusted EPS to $9.80-$10.00 from $8.60-$9.00. This is above the market estimates of $16.3B for revenue and $9.08 for EPS.
October 29, 2024 | 10:07 am
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Leidos Holdings has increased its FY24 revenue guidance to $16.35B-$16.45B and adjusted EPS to $9.80-$10.00, surpassing market expectations.
Leidos Holdings' updated guidance shows improved revenue and EPS expectations, which are above market estimates. This positive revision is likely to boost investor confidence and could lead to a short-term increase in stock price.
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