Shares of Lockheed Martin Corp. climbed 1.8% in premarket trading Tuesday, after the aerospace and defense systems company reported fourth-quarter profit and...
Shares of Lockheed Martin Corp. LMT climbed 1.8% in premarket trading Tuesday, after the aerospace and defense systems company reported fourth-quarter profit and sales that rose above Wall Street forecasts, citing a stronger-than-expected finish to the year. Net income fell to $1.91 billion, or $7.40 a share, from $2.05 billion, or $7.47 a share, in the year-ago period. Excluding nonrecurring items, such as severance charges and investment losses, adjusted earnings per share rose to $7.
8% in premarket trading Tuesday, after the aerospace and defense systems company reported fourth-quarter profit and sales that rose above Wall Street forecasts, citing a stronger-than-expected finish to the year. Net income fell to $1.91 billion, or $7.40 a share, from $2.05 billion, or $7.47 a share, in the year-ago period. Excluding nonrecurring items, such as severance charges and investment losses, adjusted earnings per share rose to $7.79 from $7.22 to beat the FactSet consensus of $7.41.
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