10/18/2022, 1:32 PM (Source: TeleTrader)
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Lockheed Martin Q3 EPS soars to $6.71

Lockheed Martin Corp. stated in its third-quarter earnings release on Tuesday that its net profit came to $1.8 billion, jumping 190% compared to the same quarter in 2021, with the diluted earnings per share (EPS) soaring 203% to $6.71. Net sales amounted to $16.6 billion, up 3% on a yearly basis.

The company confirmed its full-year outlook, forecasting net revenue of around $65.2 billion and diluted EPS of $21.55. It also announced a $14 billion share repurchase scheme starting in the fourth quarter of 2022 and spanning three years.

Lockheed shares added 1.12% in premarket trade after the earnings announcement.

Baha Breaking News (BBN) / DJ