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Lockheed Martin Posts Strong Second Quarter, Raises Earnings Guidance

Cal Biesecker By
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Lockheed Martin Posts Strong Second Quarter, Raises Earnings Guidance
Lockheed Martin Chairman, President and CEO James Taiclet. Photo: Lockheed Martin

Lockheed Martin [LMT] on Monday reported strong financial results in its second quarter driven by higher sales and non-operating improvements, continuing momentum from the first quarter and the company lifted its earnings outlook for the year. Net income rose 12 percent to $1.8 billion, $6.52 earnings per share (EPS) from $1.6 billion ($5.79 EPS) a year ago, missing consensus estimates by a penny per share. Sales increased 5 percent to $17 billion from $16.2 billion a year ago on gains…

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