Lockheed Martin LMT reported second-quarter earnings of $5 per share, which beat the analyst consensus estimate of $4.77 by 4.82%. This is a 16.01% increase over earnings of $4.31 per share from the same period last year.
The company reported quarterly sales of $14.43 billion, which beat the analyst consensus estimate of $14.2 billion by 1.62%. This is a 7.70% increase over sales of $13.398 billion the same period last year.
"The corporation achieved another quarter of strong operational and financial results across all four of our businesses, which allowed us to grow our backlog to a new record level and to increase our financial outlook for 2019," said CEO Marillyn Hewson. "Our team remains focused on driving growth, investing in innovative solutions, and creating long-term value for shareholders."
Lockheed Martin share were trading up 2% at $365.04 in Tuesday’s pre-market session. The stock has a 52-week high of $373.37 and a 52-week low of $241.18.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.