10/22/2019, 1:39 PM (Source: TeleTrader)
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Lockheed Martin's sales up 6% YoY to $15.2B

Lockheed Martin Corporation said on Tuesday that its net sales increased by more than 6% year-on-year and reached $15.2 billion in the third quarter of 2019. Net earnings went up by almost 7% compared to a year before and stood at $1.6 billion in Q3, while earnings per share (EPS) were $5.66, adding 10% annually.

The company announced that its generated cash from operations rose to $2.5 billion compared to $361 million in the third quarter of 2018.

"The corporation achieved another quarter of strong growth and outstanding operational performance. As we look ahead to 2020, we remain focused on providing innovative solutions for our customers, investing for long-term growth, and generating value for our shareholders," the company's CEO Marillyn Henson stated.

Lockheed Martin's stocks fell premarket 1.08% at 7:57 am ET, right after the results were published.

Baha Breaking News (BBN) / GA