Lockheed: 2Q Earnings Snapshot
BETHESDA, Md. (AP) _ Lockheed Martin Corp. (LMT) on Tuesday reported second-quarter earnings of $1.42 billion.
The Bethesda, Maryland-based company said it had net income of $5 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.74 per share.
The aerospace and defense company posted revenue of $14.43 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $14.16 billion.
Lockheed expects full-year earnings to be $20.85 to $21.15 per share, with revenue in the range of $58.25 billion to $59.75 billion.
Lockheed shares have risen 36% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. The stock has climbed 11% in the last 12 months.