Leidos Tops Q4 Earnings on Military Spending Boost
Defense contractor Leidos (LDOS) surged past fourth-quarter earnings estimates on Tuesday, propelled by increased defense spending and elevated weapons demandamid heightened geopolitical tensions.
Key Highlights:
* Shares surged 5% in premarket trade.
* Robust weapons demand from inventory replenishment amid the Russia-Ukraine war and Middle East conflicts bolstered defense contractors like Leidos.
* Adjusted EPS of $2.37 surpassed analyst expectations of $2.27.
* Revenue grew 10% year-over-year to $4.37 billion, exceeding market estimates of $4.13 billion.
* Company projected 2025 adjusted EPS between $10.35 and $10.75, largely aligned with consensus.