FX.co ★ Leidos Holdings, Inc. Q1 Profit Increases, beats estimates

Leidos Holdings, Inc. (LDOS) has announced an increase in earnings for its first quarter as compared to the same period in the previous year, surpassing Street estimates.

The company's earnings reached $284 million, which equates to $2.07 per share. This is a considerable increase from last year's first quarter results of $162 million or $1.17 per share.

Leidos Holdings, Inc. reported an adjusted earnings of $314 million or $2.29 per share for this period, once exceptional items were excluded.

Analysts had projected the company's earnings to be around $1.70 per share according to figures collated by Thomson Reuters. It's worth noting that analysts' estimates usually exclude special items.

The company's revenue for the quarter also showed an increase of 7.6%, rising to $3.98 billion from last year's $3.70 billion.

A brief overview of Leidos Holdings, Inc.'s earnings (GAAP):

- Earnings: First-quarter earnings were $284 million compared to $162 million last year.

- Earnings Per Share (EPS): The first-quarter EPS was $2.07, up from $1.17 the previous year.

- Revenue: First-quarter revenue was $3.98 billion, an increase from $3.70 billion last year.

As far as guidance is concerned, the full year EPS is projected to be between $8.40 and $8.80.