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Lockheed: Q3 Earnings Snapshot

Lockheed: Q3 Earnings Snapshot

BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter net income of $1.68 billion.

On a per-share basis, the Bethesda, Maryland-based company said it had profit of $6.73. Earnings, adjusted for non-recurring costs, came to $6.77 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.66 per share.

The aerospace and defense company posted revenue of $16.88 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $16.66 billion.