Leidos Reports Lower Q2 Profit Despite Higher Revenue; Lifts Dividend; Raises Outlook; Stock Up

India, Aug. 4 -- Leidos Holdings Inc. (LDOS), a provider of technology, engineering and defense solutions, on Tuesday reported lower second-quarter profit despite higher revenue, with results reflecting acquisition- and restructuring-related costs. The company also raised the lower end of its full-year outlook. Leidos shares were up nearly 4% in pre-market trading.

Net income attributable to Leidos stockholders declined to $354 million, or $2.81 per share, from $391 million, or $3.01 per share, a year earlier.

The quarter's results included $29 million in costs related to the acquisition of ENTRUST Solutions Group, the pending joint venture with Analogic Corporation, and restructuring activities under the company's NorthStar 2030 realignm...