Leidos Q3 Earnings Beat Expectations With Strong Demand In Defense And Health Services, Guidance Raised
Portfolio Pulse from Anusuya Lahiri
Leidos Holdings, Inc. reported strong Q3 fiscal 2024 results, with revenue and EPS beating expectations due to high demand in defense and health services. The company raised its fiscal 2024 guidance, and its stock has gained over 57% year-to-date.
October 29, 2024 | 2:54 pm
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Leidos Holdings, Inc. reported a 7% revenue growth in Q3, beating analyst estimates. The company's adjusted EPS also surpassed expectations, leading to a raised fiscal 2024 guidance. The stock has gained over 57% year-to-date.
Leidos' strong Q3 performance, with revenue and EPS exceeding expectations, indicates robust demand in its key sectors. The raised guidance for fiscal 2024 suggests continued growth, positively impacting investor sentiment and likely driving the stock price up in the short term.
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