Leidos stock plunges 11%: LDOS heads into earnings week under pressure
Leidos Holdings fell 11% to $173 on Wednesday, then held steady after hours ahead of its Feb. 17 earnings report. The drop comes as investors await updates on the planned $2.4 billion ENTRUST acquisition and recent federal contract wins, including a $142 million Defense Information Systems Agency award. Trading volume reached about 1.5 million shares. Wall Street expects quarterly earnings of $2.57 per share on $4.25 billion in revenue.