Lockheed Martin (LMT) Misses Q1 EPS by 18c, Trims FY Outlook

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Lockheed Martin Reports First Quarter 2017 Results

April 25, 2017 7:25 AM EDT

BETHESDA, Md., April 25, 2017 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today reported first quarter 2017 net sales of $11.1 billion, compared to $10.4 billion in the first quarter of 2016. Net earnings from continuing operations in the first quarter of 2017 were $763 million, or $2.61 per share, compared to $806 million, or $2.61 per share, in the first quarter of 2016. Cash from operations was $1.7 billion in both the first quarter of 2017 and 2016.

First quarter 2017 net earnings from continuing operations includes a $120 million charge,... More