Leidos Holdings Inc. reported strong financial results for the third quarter of 2024, driven by increased defense demand amid global tensions. The company posted an adjusted EPS of $2.93, significantly surpassing the estimated $2.01 and reflecting a 44% year-over-year increase. Revenue for the quarter reached $4.19 billion, exceeding the forecasted $4.07 billion and marking a 7% year-over-year growth. Leidos also reported a net income of $362 million with a net income margin of 8.6%. Adjusted EBITDA stood at $596 million, with a margin of 14.2%, up from 11.5% in the previous year. Following these results, Leidos raised its annual forecast, anticipating continued robust demand in the defense sector. Pre-market, Leidos shares were up 4.6%.