logo
Plus   Neg
Share
Email

Lockheed Martin Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2019, and initiated net sales outlook for the full-year 2020.

For fiscal 2019, the company now expects earnings of about $21.55 per share, up from prior guidance range of $20.85 to $21.15 per share.

Net sales are now projected to be about $59.10 billion, up from prior guidance range of $58.25 billion to $59.75 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $21.21 per share on revenues of $59.19 billion for the year. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2020, the company now projects net sales to increase to about $62.0 billion, while analysts projects revenues of $62.82 billion for the year.

"As we look ahead to 2020, we remain focused on providing innovative solutions for our customers, investing for long-term growth, and generating value for our shareholders," said Lockheed Martin Chairman, President and CEO Marillyn Hewson.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Motors Co. (GM) is hiring for new workforce, after cutting about some 4,000 salaried employees early this year. According to Detroit Free Press, the auto giant is hiring for a new workforce as the company invests more money to develop electric and self-driving vehicles. Earlier this year,... Australia's Federal Court has ruled in favor of more than 1,000 women in a landmark class-action lawsuit against Johnson & Johnson after they suffered severe pain and complications from the healthcare giant's pelvic mesh implants. Johnson & Johnson and its subsidiary Ethicon were accused of hiding the risks of its pelvic mesh products. SpaceX's Starship rocket prototype was damaged while undergoing pressurization testing on Wednesday evening. Video from the vicinity of SpaceX's Boca Chica test facility in Texas showed white plumes erupt from the top part of the Starship Mark 1 vehicle while it was undergoing a pressurization test. The eruption blew off the upper bulkhead high into the air.
Follow RTT
>