Since Leidos Holdings Inc. (NYSE: LDOS) merged with a government IT services spinoff of Lockheed Martin Corp. (NYSE: LMT) in August,the fresh company has found a lot of early success.
Leidos has realized cost savings from the merger faster than it originally anticipated and has paid down debt quicker than expected all leading to a strong first quarter. The company comfortably beat Wall Street expectations both on top and bottom line final Thursday.
“We returned a really strong quarter, hitting…
Source: bizjournals.com