BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Thursday reported first-quarter earnings of $1.49 billion.
The Bethesda, Maryland-based company said it had profit of $6.44 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.67 per share.
The aerospace and defense company posted revenue of $18.02 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $18.12 billion.
Lockheed expects full-year earnings to be $29.35 to $30.25 per share, with revenue in the range of $77.5 billion to $80 billion.
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