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Business/Financial

Leidos Posts Higher Sales, Income In Third Quarter; Plans Reorganization

By Cal Biesecker

Thursday, October 25th, 2018

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Leidos Posts Higher Sales, Income In Third Quarter; Plans Reorganization

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos [LDOS] on Thursday posted higher earnings and sales in its third quarter and reported exceptionally strong bookings, particularly from intelligence community customers, and the company said it will reorganize into four operational segments beginning in January.Net income was up 79 percent to $147 million, 96 cents earnings per share (EPS), from $82 million (53 cents EPS) a year ago. Excluding amortization of acquired intangible assets and other integration and restructuring costs, adjusted earnings were $1.14 EPS, nipping consensus estimates…

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