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Lockheed Martin Issues FY23 Earnings Outlook Below Market - Update

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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by RTTNews Staff Writer

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