(Total Views: 165)
Posted On: 04/28/2019 11:03:58 AM
Post# of 27273
Lockheed Martin jumps 5% after earnings top expectations and it raises 2019 forecast
PUBLISHED TUE, APR 23 2019 • 7:34 AM EDT UPDATED TUE, APR 23 2019 • 10:40 AM EDT
Lockheed Martin saw first-quarter earnings of $5.99 a share, an increase of 49% from a year earlier.
The company also updates its forecast for 2019 financial results, with full year revenue now estimated to total between $56.8 billion and $58.3 billion — up from $55.8 billion to $57.3 billion.
The contractor says trade policies or sanctions could impact business as well as the Pentagon’s recent decision to suspend sales of F-35 aircraft to Turkey.
Handout: Lockheed Martin F35 USAF
PUBLISHED TUE, APR 23 2019 • 7:34 AM EDT UPDATED TUE, APR 23 2019 • 10:40 AM EDT
Lockheed Martin saw first-quarter earnings of $5.99 a share, an increase of 49% from a year earlier.
The company also updates its forecast for 2019 financial results, with full year revenue now estimated to total between $56.8 billion and $58.3 billion — up from $55.8 billion to $57.3 billion.
The contractor says trade policies or sanctions could impact business as well as the Pentagon’s recent decision to suspend sales of F-35 aircraft to Turkey.
Handout: Lockheed Martin F35 USAF
(1)
(0)
