logo
Plus   Neg
Share
Email

Lockheed Martin Boosts FY20 Net Sales Outlook - Quick Facts

While reporting financial results for the fourth quarter on Tuesday, Lockheed Martin Corp. (LMT) initiated earnings outlook for the full-year 2020, while boosting annual net sales outlook.

For fiscal 2020, the company now expects earnings in a range of $23.65 to $23.95 per share. Net sales are now projected to be between $62.75 billion and $64.25 billion, up from the prior forecast of about $62.0 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $24.29 per share on net sales of $62.55 billion for the year. Analysts' estimates typically exclude special items.

The company said its financial outlook for 2020 does not include potential impacts to its programs, including the F-35 program, resulting from U.S. Government actions related to Turkey. Currently, it does not expect this event will have a material impact on its 2020 financial results.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's (LOW) is temporarily increasing wages of its employees. The latest move by the hardware retailer is to help its employees cope with the economical effects caused by the ongoing COVID-19 pandemic. The company has hiked salary by $2 per hour for all full-time, part-time, and seasonal hourly associates,... Amazon.com Inc. (AMZN) Founder and CEO Jeff Bezos is donating $100 million to food banks across the U.S. to support poor people who cannot afford food during this coronavirus crisis. Bezos made a $100 million gift to Feeding America, one of the largest U.S. nonprofit focused on food security. Feeding... Facebook on Thursday shared an update on its $100 million small-business grants program announced in March, saying that it will provide $40 million in grants to 10,000 U.S. small businesses that were impacted by the coronavirus pandemic. In March, the social media giant said it is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses.
Follow RTT
>