Lockheed Martin (LMT) reported earnings on Tue 24 Apr 2018 (b/o)

** charts after earnings **

 

Lockheed Martin beats by $0.66, beats on revs; raises FY18 guidance 

• Reports Q1 (Mar) earnings of $4.02 per share, excluding non-recurring items, $0.66 better than the Capital IQ Consensus of $3.36; revenues rose 3.8% year/year to $11.63 bln vs the $11.25 bln Capital IQ Consensus.
• Co issues raised guidancefor FY18, sees EPS of $15.80-16.10 from $15.20-15.50, excluding non-recurring items, vs. $15.56 Capital IQ Consensus Estimate; sees FY18 revs of $50.35-51.85 bln from $50.0-51.5 bln vs. $51.03 bln Capital IQ Consensus Estimate.