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Leidos Holdings Inc issues Q3 2014 guidance; EBIT guidance above analysts' estimates; lowers FY 2014 guidance


Tuesday, 3 Dec 2013 09:00am EST 

Leidos Holdings Inc:Sees third quarter 2014 revenues of about $1.42 billion.Sees operating income is anticipated to decline from $101 million in the third quarter of 2013 to an about $7 million operating loss in the third quarter 2014.Says it is lowering guidance for fiscal 2014.Sees fiscal 2014 revenue to be in the range of $5.65 - $5.80 billion, down from the previous range of $5.85 - $6.10 billion.Sees diluted earnings per share of $0.85 to $1.10, inclusive of a $0.16 positive net income impact for discontinued operations accounting treatment for planned divestitures.Says this EPS guidance is down from the previous range of $1.80 to $2.04.Third quarter 2014 revenues of $1.45 billion, EBIT of $86.5 million and fiscal 2014 revenues of $5.93 billion, EPS of $1.89 - Thomson reuters I/B/E/S estimate. 

Company Quote

36.95
-0.54 -1.44%
31 Jul 2014