Lockheed Martin Reports Third Quarter 2018 Results

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Go back to Lockheed Martin Reports Third Quarter 2018 Results

Lockheed Martin (LMT) PT Lowered to $357 at Credit Suisse

October 24, 2018 9:00 AM EDT

Credit Suisse analyst Robert Spingarn lowered the price target on Lockheed Martin (NYSE: LMT) to $357.00 (from $368.00) while maintaining a Neutral rating following results.

'18/'19/'20 EPS estimates increase to $17.59/$19.84/25.44 ($17.03/$19.75/$25.18 respectively).

... More

Lockheed Martin (LMT) Tops Q3 EPS by 83c, Updates FY Guidance, Comments on FY19

October 23, 2018 7:34 AM EDT

Lockheed Martin (NYSE: LMT) reported Q3 EPS of $5.14, $0.83 better than the analyst estimate of $4.31. Revenue for the quarter came in at $14.3 billion versus the consensus estimate of $13.05 billion.

GUIDANCE:

Lockheed Martin sees FY2018 EPS of $17.50, versus the consensus of $17.11. Lockheed Martin sees FY2018 revenue of $53 billion, versus the consensus of $52.64 billion.

2019 Financial Trends

The corporation expects its 2019 net sales to increase by approximately 5.0 percent to 6.0 percent as compared to the 2018 outlook. Total business segment... More