Leidos rises after co lifts FY profit forecast

Leidos Holdings

04/11/2025 15:57

** Shares of defense contractor Leidos Holdings LDOS.N rise nearly 5% to about $202.5 in morning trade

** LDOS lifts FY profit forecast on resilient demand for its munitions

** Co sees FY diluted profit in the range of $11.45/share to $11.75/share, from $11.15/share to $11.45/share earlier

** Co gains from rising demand for defense equipments amid the Russia-Ukraine war and Middle East tensions

** Posts Q3 adj. profit per share of $3.05, beating analysts' estimate of $ 2.71 - data compiled by LSEG

** Including session's moves, shares up 41.1% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))