Lockheed Martin tops earnings, income expectations

By Sam Boughedda

Lockheed Martin (NYSE:) shares edged larger Tuesday after it reported earnings, topping analyst consensus expectations.

The safety and aerospace firm posted of $7.79 per share on income of $19 billion. Analysts anticipated earnings to return in $0.38 decrease at $7.41 per share on income of $18.26B.

“Lockheed Martin’s stronger than anticipated end to the 12 months demonstrated the corporate’s reliability and resiliency to fulfill commitments in difficult environments, whereas main the business’s important safety developments for our nation and allies,” stated Chairman, President, and CEO James Taiclet.

Taiclet added that the corporate’s ongoing enlargement of capabilities and business partnerships are offering “value-enhancing development alternatives throughout our companies.”

The corporate stated it stays assured trying forward.

Lockheed Martin sees FY2023 EPS between $26.60 and $26.90, versus the consensus of $26.93, with income for the interval between $65B and $66B, versus the consensus of $65.74B.