Lockheed Martin beats on earnings and boosts guidance, dividend; stock slips
Shares of Lockheed Martin Corp. slipped 0.7% in premarket trading Tuesday, although the aerospace company and defense contractor reported third-quarter earnings that beat expectation and increased its profit outlook, dividend and stock repurchase program. Net income rose to $1.61 billion, or $5.66 a share, from $1.96 billion, or $5.14 a share, in the year-earlier period, which beat the FactSet EPS consensus of $5.02. Sales grew 6% to $15.17 billion, above the FactSet consensus of $14.87 billion, as aeronautics sales increased 9.5% to $6.18 billion to top expectations of $6.00 billion. The company said it now expects 2019 EPS of approximately $21.55, compared with previous guidance of $20.85 to $21.15. Lockheed raised its quarterly dividend to $2.40 a share from $2.20 a share, starting in the fourth quarter, and boosted its share repurchase program by $1 billion to leave $3.3 billion in its current program. The stock has soared 42.9% year to date through Monday, while the Dow Jones Industrial Average has gained 15.0%.
Lockheed Martin ( LMT - Get Report) posted third-quarter earnings of $5.66 a share, handily beating analysts' estimates, and said it was raising its 2019 profit and revenue forecast. Revenue in the quarter was
As if there weren't enough drama already surrounding Boeing Co (NYSE: BA), the company reports Q3 earnings Wednesday with investors waiting to hear more about why BA's board ousted CEO Dennis Muilenburg from
NASA on Monday earmarked almost USD 3 billion to Lockheed Martin to build three Orion capsules, to allow US astronauts to return to the moon by 2024. The megadeal calls for a first phase including three
The National Aeronautics and Space Administration (NASA) on Monday earmarked almost $3 billion to Lockheed Martin to build three Orion capsules, to allow US astronauts to return to the moon by 2024. The megadeal calls for
NASA says it's ordering three more Orion spacecraft for missions to the moon, at a cost of $2.7 billion - and plans to order as many as nine more by 2030. Today's announcement signals NASA's long-term
Washington (AFP) - NASA on Monday earmarked almost $3 billion to Lockheed Martin to build three Orion capsules, to allow US astronauts to return to the moon by 2024. The megadeal calls for a first phase
NASA, just announced that it has awarded a contract to Colorado-based Lockheed Martin for $4.6 billion for at least 12 additional missions to the moon, including sending the first woman to the moon, by 2024.
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