Aug. 5 at 11:27 AM
$LDOS
The company has followed peer Northrop Grumman in lifting its 2025 profit forecast. Leidos now expects its annual adjusted profit at between
$11.15 and
$11.45 per share, compared with its prior forecast of
$10.35 to
$10.75.
However, the Reston, Virginia-based company trimmed its full-year revenue forecast range and now expects it to be between
$17 billion and
$17.25 billion, from
$16.9 billion and
$17.3 billion previously.
It posted a second-quarter adjusted profit of
$3.21 per share.
Analysts on average had anticipated a quarterly profit of
$2.66 per share, according to data compiled by LSEG.
Its revenue rose about 3% to
$4.25 billion, edging past estimates of
$4.24 billion.
