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Lockheed: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported second-quarter profit of $1.64 billion.

On a per-share basis, the Bethesda, Maryland-based company said it had net income of $6.85. Earnings, adjusted for one-time gains and costs, came to $7.11 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.45 per share.

The aerospace and defense company posted revenue of $18.12 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $17.12 billion.

Lockheed expects full-year earnings in the range of $26.10 to $26.60 per share, with revenue in the range of $70.5 billion to $71.5 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMT at https://www.zacks.com/ap/LMT