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Lockheed Martin Fourth Quarter Earnings Exceed Expectations

Lockheed Martin’s fourth-quarter earnings rose 19%, easily exceeding analysts’ estimates.
Lockheed reported a profit of $983 million, or $2.73 a share, up from $827 million, or $2.17 a share, a year earlier.
On a continuing-operations basis, earnings rose to $2.30 a share from $2.19.
Revenue rose 4.8% to $12.79 billion.
Lockheed also forecast current-year earnings of $6.70 to $7 a share on revenue of $45 billion to $47 billion.

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