Lockheed Martin revenue grew and surpassed expectations of analysts



American manufacturer of military equipment, Lockheed Martin, operating under contracts with the U.S. Department of defense, reported a net loss results for the fourth quarter of this year to 642 million dollars or up to $ 2.25 per share compared with a profit of 988 million dollars or 3.39 dollars per share, a year earlier.

Adjusted profit was $ 4.3 per share.

Revenue rose to 15.14 billion compared to the 13.75 billion over the same period a year earlier.

Analysts predicted profit of Lockheed Martin at a level of $ 4.04 per share and the income of 14.73 billion.

The company expects earnings per share according to the results of 2018 in the range of 15.2 to 15.5 $ $ compared to 14.0 USD according to analysts ‘ expectations.

In the course of trading on premarket the stock has risen by 3.9%.




Lockheed Martin revenue grew and surpassed expectations of analysts 29.01.2018

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