Lockheed Martin Beats Estimates But Issues Mixed Fy 2010 Guidance Nyselmt

Lockheed Martin (NYSE:LMT) reported Q1 EPS of $1.45, topping consensus estimates of $1.34.

Sales in the quarter rose 2.5% year-over-year to $10.64 billion, slightly better than consensus estimates of $10.62 billion.

The company issued mixed guidance, however, now projecting FY 2010 EPS of $7.00 - $7.20, reflecting a $0.25 charge from legislation and $0.10 per share improvement on higher investment income. Analysts, on average, were projecting EPS of $7.19 for the year.

Lockheed sees FY 2010 revenues of $46.25 billion - $47.25 billion, vs. consensus estimates of $46.94 billion.

Lockheed Martin Beats Estimates But Issues Mixed FY 2010 Guidance (NYSE:LMT) ( Download)
News Update: Lockheed Martin (NYSE:LMT) F-35 Program Cost Overrun to Trigger Review ( Download)
Why should Arkansas taxpayers pay Lockheed Martin ( Download)

Author

Ariyani

Como educador, estou profundamente engajado no desenvolvimento dos estudantes em ambiente escolar, adotando métodos pedagógicos que valorizam conexões genuínas e são movidos por inovação e fervor. É minha vocação guiar os alunos na jornada de se tornarem uma geração notável, empregando estratégias de ensino amplamente aclamadas por prestigiadas instituições acadêmicas ao redor do globo - report.dashgoo.com