NYSE:LDOSProfessional Services
Leidos (LDOS) Stock Jumps As Cash Flow Reshapes The Story
Leidos Holdings entered this quarter with a value profile and a flat three month share price, then surprised the market with a 10% jump to about US$130.60 once investors saw the numbers. The company delivered Basic EPS of US$2.81 on revenue of US$4.56b, alongside record operating cash flow, which gave investors in this defense and government technology contractor specific results to reprice. The stock now reflects a sudden reset of expectations that were not fully captured in the modest...