Lockheed: Q4 Financial Highlights

Lockheed Martin Announces Fourth-Quarter Financial Results

Lockheed Martin Corp., headquartered in Bethesda, Maryland, revealed on Thursday that it earned $1.34 billion in profit during the fourth quarter.

This translates to earnings of $5.80 per share for the period.

However, these figures fell short of analyst expectations. According to Zacks Investment Research, the consensus estimate from nine analysts was $6.24 per share.

Despite the earnings miss, the aerospace and defense giant reported revenue of $20.32 billion, surpassing projections. Seven analysts polled by Zacks had anticipated revenue of $19.83 billion.

For the full year, Lockheed Martin forecasts earnings per share between $29.35 and $30.25, with projected revenue ranging from $77.5 billion to $80 billion.