Company exceeds expectations with increased demand in Health segment

  • Leidos Holdings shares rose 6.2% after beating earnings expectations
  • Revenue for the year ended Dec. 29 was $15.44 billion, exceeding the company’s forecast
  • Increased demand in the Health segment contributed to the strong performance
  • Adjusted earnings per share came in at $7.30, surpassing expectations
  • Leidos expects a strong year in 2024 with revenue projected at $15.7 billion to $16.1 billion

Leidos Holdings saw a significant boost in its shares after reporting better-than-expected earnings for the recently ended year. The company’s revenue for the year reached $15.44 billion, surpassing its own forecast and the consensus estimate. The strong performance was driven by increased demand across all customer groups, particularly in the Health segment. Adjusted earnings per share also exceeded expectations, coming in at $7.30. Looking ahead, Leidos is optimistic about its prospects for 2024, with projected revenue of $15.7 billion to $16.1 billion and adjusted earnings of $7.50 to $7.90 per share.

Public Companies: Leidos Holdings (LDOS)
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Factuality Level: 8
Justification: The article provides specific information about Leidos Holdings’ earnings and revenue for the recently ended year, including the company’s forecast and the consensus of analysts. The information is verifiable and supported by sources. However, the article does not provide any critical analysis or alternative perspectives, which could affect the overall factuality level.

Noise Level: 3
Justification: The article provides information about Leidos Holdings’ better-than-expected earnings and future projections. However, it lacks analysis, evidence, and actionable insights. It mainly focuses on financial figures and does not explore the consequences of the company’s performance on stakeholders or the broader market.

Financial Relevance: Yes
Financial Markets Impacted: Leidos Holdings

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Leidos Holdings’ better-than-expected earnings and its projected revenue and earnings for the upcoming year.

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