BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported second-quarter profit of $342 million.
The Bethesda, Maryland-based company said it had profit of $1.46 per share. Earnings, adjusted for non-recurring costs, came to $7.29 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.49 per share.
The aerospace and defense company posted revenue of $18.16 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $18.56 billion.
Lockheed expects full-year earnings to be $21.70 to $22 per share, with revenue in the range of $73.75 billion to $74.75 billion.
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