Why Leidos Holdings Stock Is Falling Today

Lou Whiteman, The Motley Fool
·2-min read
Why Leidos Holdings Stock Is Falling Today

Shares of Leidos Holdings (NYSE: LDOS) traded down about 10% on Tuesday following the government IT specialist's earnings release. Leidos said before markets opened that it earned $1.63 per share in the quarter on revenue of $3.25 billion. The earnings number beat estimates by two cents per share, but revenue came in shy of the $3.39 billion consensus.