Leidos (LDOS)

Leidos (LDOS)

Postby winston » Sat Aug 26, 2017 7:50 pm

not vested

Defense Stocks Set to Soar: Leidos (LDOS)

by Jarek Tuszyński

Leidos Holdings, Inc. (NYSE:LDOS) took RNT’s and LMT’s cue and also reported strong quarterly numbers on Aug. 4.

Adjusted earnings of $1.04 a share beat estimates by 77 cents, and revenue of $2.571 million was above estimates of $2.557 million.

For the full year, management raised their earnings guidance from $3.05-$3.35 a share to $3.45-$3.60 a share, and edged the lower end of their revenue guidance up from $10 billion to $10.1 billion.

While LDOS stock has bounced around since the earnings release, it is holding above both its 50- and 200-day moving averages with good support around $55.

Source: Investor Place
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