Security and aerospace company Lockheed Martin Corp. (LMT), while reporting weak earnings and higher net sales in its fourth quarter, issued forecast for fiscal 2023, expecting earnings below market estimates.
For 2023, the company expects earnings per share between around $26.60 and $26.90. On average, 23 analysts polled by Thomson Reuters expect earnings of $26.93 per share for the year. Analysts' estimates typically exclude special items.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.