Leidos Tops Wall Street's Full 2015 & 4Q Earnings Forecasts

Leidos Holdings (NYSE: LDOS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings of $2.78 per share for its full 2015 calendar year to exceed the consensus Wall Street forecast by 2 cents.

The Reston, Virginia-based government services contractor stated full-year net income as $254 million compared to the $323 million loss posted in 2014 and fourth quarter profit came in at $127 million to show a nearly three-fold increase from $44 million stated for the same period in 2014.

Full 2015 revenue totaled $5.08 billion and fourth quarter sales were $1.28 billion with both figures relatively flat from the prior year periods.

Leidos’ fiscal year 2016 guidance has the company’s earnings in a range of $2.75-to-$2.95 per share and revenue of between $5.1 billion and $5.3 billion, with the sales forecast not including outlooks related to the company’s merger with Lockheed Martin‘s (NYSE: LMT) government services businesses.

As of Wednesday’s close, shares in Leidos had declined 21.33 percent from the year’s start and were flat over 12 months.

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