Leidos Q3 Earnings Surpass Expectations, Raises Guidance

Leidos Holdings (LDOS) shares hit a record high after the company reported Q3 earnings that exceeded Wall Street's forecasts, with a 6.2% surge. The government technology and defense contractor raised its full-year outlook. Leidos reported adjusted earnings of $1.35 per share, beating the consensus estimate of $1.31. The company's revenue also exceeded expectations, rising 9% year-over-year to $3.1 billion.