Lockheed: Q1 Earnings Snapshot
BETHESDA, Md. (AP) _ Lockheed Martin Corp. (LMT) on Tuesday reported first-quarter earnings of $1.73 billion.
The Bethesda, Maryland-based company said it had profit of $6.44 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $6.22 per share.
The aerospace and defense company posted revenue of $14.96 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $15.53 billion.
Lockheed expects full-year revenue of $66 billion.
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