The Latest Breaking News from LDOS

U.S. GDP declined for the second straight quarter from April to June, adding to the recession concerns. Moreover, considering the lingering macroeconomic headwinds, we think it could be wise to scoop up shares of low-volatility stocks Leidos (LDOS), Incyte (INCY), and The Coca-Cola Company (KO) now. Keep reading….

Leidos Holdings, Inc (NYSE:LDOS) reported first-quarter FY22 revenue growth of 5% year-on-year to $3.49 billion, beating the consensus of $3.38 billion. Revenue grew 4% organically. The most significant revenue contributors were the start-up of the Navy Next Generation Enterprise Network Recompete (NGEN-R) Service Management, Integration and Transport (SMIT) contract and the increased deployments…