BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter profit of $1.62 billion.
The Bethesda, Maryland-based company said it had profit of $6.80 per share. Earnings, adjusted for investment costs, were $6.84 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.47 per share.
The aerospace and defense company posted revenue of $17.1 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $17.28 billion.
Lockheed expects full-year earnings to be $26.65 per share, with revenue expected to be $71.25 billion.
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