Leidos reports Q2 EPS $1.80, consensus $1.57

Reports Q2 revenue $3.84B, consensus $3.73B. Reports net bookings of $2.9B. Thomas Bell, Leidos CEO, commented, “It is my honor to lead Leidos into its second decade of top-line growth, which we plan to complement with a sharper focus on earnings and cash through disciplined financial management. This focus is underscored by the strong second quarter results announced today, characterized by record revenues and adjusted EBITDA. Propelling our future performance, we will remain dedicated to resolving with pace the most challenging problems faced by our customers, our nation, and its allies-an approach that distinctly sets Leidos apart.”