Lockheed Martin (LMT) Tops Q2 EPS by 13c, Revenues Beat; Boosts FY18 EPS/Revenue Outlook Above Consensus
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Lockheed Martin Reports Second Quarter 2018 Results
July 24, 2018 7:30 AM EDTBETHESDA, Md., July 24, 2018 /PRNewswire/ --Â Lockheed Martin (NYSE: LMT) today reported second quarter 2018 net sales of $13.4Â billion, compared to $12.6 billion in the second quarter of 2017. Net earnings in the second quarter of 2018 was $1.2 billion, or $4.05Â per share, compared to $955 million, or $3.28Â per share, in the second quarter of 2017. Net earnings in the second quarter of 2018 include special charges for severance and restructuring activities of $96 million, which reduced net earnings by $76 million, or $0.26 per share. Cash used for operations in the second quarter of 2018 was $(72)Â million after pension contributions of $2.0Â billion,... More
