Leidos Holdings (LDOS) Tops Q1 EPS by 5c

Leidos Holdings (NYSE: LDOS) reported Q1 EPS of $0.59, $0.05 better than the analyst estimate of $0.54. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.26 billion.

John Jumper, Leidos Chairman and Chief Executive Officer commented: "Our initiatives to improve profitability are gaining traction and starting to yield results. This quarter, Leidos's operating income margin and earnings per share increased compared to the prior year. We were able to achieve these results despite continued declines in overseas contingency operations revenues, a constrained federal funding environment and lower commercial revenues. Our management team continues to execute on our cost saving programs and portfolio shaping initiatives. We are committed to increase profitability, to leverage our assets and intellectual capital to enhance our competitiveness, and to generate strong cash flows to drive value for our shareholders."

Leidos Holdings reaffirmed FY2015 guidance.

For earnings history and earnings-related data on Leidos Holdings (LDOS) click here.

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