Leidos reports Q3 EPS $2.93, consensus $2.02

Reports Q3 revenue $4.19B, consensus $4.07B. “Continued improvement in operating performance across all segments drove excellent revenue growth, record margins for net income and adjusted EBITDA, substantial earnings growth, strong cash flow, and robust bookings,” said Leidos (LDOS) Chief Executive Officer Tom Bell. “These results demonstrate clearly how our collaborative and innovative workforce is focused on consistent execution for our customers and shareholders. With a healthy balance sheet, improving business development performance, and emerging ‘North Star’ strategy, Leidos is well positioned to deliver robust and sustainable returns as we move forward.”