BUZZ-Leidos rises after upbeat fourth-quarter results

Shares of defense contractor Leidos LDOS.N rise 5% to $149.88 in premarket trade

LDOS beat expectations for fourth-quarter earnings on Tuesday, aided by increased military spending and robust weapons demand amid rising geopolitical tensions

Q4 adjusted profit per share of $2.37 came ahead of analysts' average estimate of $2.27, according to data compiled by LSEG

Q4 revenue of $4.37 billion, also beat estimates of $4.13 billion

LDOS forecast adjusted 2025 profit per share to be between $10.35 and $10.75 the midpoint of which is largely in-line with expectations

11 of 17 brokerages rate LDOS "buy" or higher and 6 "hold"; their median PT is $185 - LSEG data

In 2024, stock was up 33%