Leidos Holdings (LDOS) Beats On Q3 Earnings, Raises '17 View
Zacks Investment Research | Nov 02, 2017 11:26PM ET
Leidos Holdings, Inc. (NYSE:LDOS) reported third-quarter 2017 adjusted earnings of 95 cents per share, beating the Zacks Consensus Estimate of 80 cents by 18.8%. The reported number, however, declined 24% from the year-ago figure of $1.25.
Total Revenue
Leidos Holdings posted total revenue of $2,503 million in the quarter, which missed the Zacks Consensus Estimate of $2,505 million by 0.1%. However, the reported figure improved 34% year over year.
Backlog
At the end of the third quarter, the company’s backlog of signed business orders was $17.7 billion, of which $5.6 billion was funded. Total backlog at the end of the previous quarter was $17.1 billion, of which $5 billion was funded.
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