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Lockheed Martin Corp. Reports Gain In Q2 Profit

Lockheed Martin Corp. (LMT) reported earnings for its second quarter that increased from the same period last year.

The company's bottom line totaled $1.63 billion, or $5.79 per share. This compares with $1.42 billion, or $5.00 per share, in last year's second quarter.

Analysts had expected the company to earn $5.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.4% to $16.22 billion from $14.43 billion last year.

Lockheed Martin Corp. earnings at a glance:

-Earnings (Q2): $1.63 Bln. vs. $1.42 Bln. last year.
-EPS (Q2): $5.79 vs. $5.00 last year.
-Analysts Estimate: $5.72
-Revenue (Q2): $16.22 Bln vs. $14.43 Bln last year.

Full year EPS guidance: $23.75 - $24.05
Full year revenue guidance: $63.50 - $65.00 Bln

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