Leidos Holdings, Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Leidos Holdings, Inc. (LDOS) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $229 million, or $1.66 per share. This compares with $177 million, or $1.28 per share, in last year's fourth quarter.

Excluding items, Leidos Holdings, Inc. reported adjusted earnings of $275 million or $1.99 per share for the period.

Analysts on average had expected the company to earn $1.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $3.98 billion from $3.70 billion last year.

Leidos Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $229 Mln. vs. $177 Mln. last year. -EPS (Q4): $1.66 vs. $1.28 last year. -Analyst Estimate: $1.74 -Revenue (Q4): $3.98 Bln vs. $3.70 Bln last year.