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Lockheed Martin beats on earnings, raises full-year outlook

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Investing.com -

Investing.com - Aerospace giant Lockheed Martin Corporation (NYSE:LMT) reported better-than-expected second quarter earnings on the back of upbeat revenue figures, it said ahead of Tuesday's opening bell.

Lockheed Martin said earnings per share came in at $2.76, easily beating expectations for earnings of $2.66 per share.

The company's second quarter revenue totaled $11.31 billion, above forecasts for revenue of $11.14 billion.

"Based on our solid program execution and operational performance through the first half of the year, we increased our 2014 financial guidance for profit, earnings, and cash flow," said Lockheed Martin Chairman, President and CEO Marillyn Hewson.

The aircraft maker boosted its full-year earnings outlook to a range in between $10.85 to $11.15 per share, compared to expectations for full-year earnings of $10.96 per share.

Following the release of the report, Lockheed Martin (NYSE:LMT) shares rose 0.55% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow indicated a gain of 0.25% at the open, the S&P 500 pointed to a rise of 0.2%, while Nasdaq 100 tacked on 0.3%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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