Lockheed’s Second-Quarter Profit Beats Analyst Estimates
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Lockheed Martin Corp., the largest U.S. government contractor, topped analysts’ estimates for second-quarter profit and sales on the strength of its aircraft division.
Net income rose 3.5 percent to $889 million, or $2.76 a share, from $859 million, or $2.64, a year earlier, in part due to lower pension costs, the company said today in a statement. The average estimate of 21 analysts surveyed by Bloomberg was $2.66 a share. Lockheed also boosted its full-year profit outlook.