Lockheed Martin: raises FY 2019 targets
(CercleFinance.com) - Lockheed Martin has once again raised its targets for 2019, now expecting EPS of around 21.
55 dollars (and no longer between 20.85 dollars and 21.15 dollars), with revenues of about 59.1 billion dollars (vs. a previous target range of 58.25 billion to 59.75 billion dollars).
In Q3, the defense equipment manufacturer's net profit rose by 9% to 1.6 billion dollars, meaning EPS of 5.66 dollars, beating the consensus by over 60 cents.
The group's revenues increased by nearly 6% to 15.2 billion dollars, growth which was driven by aeronautics. At the end of the period, Lockheed Martin boasted a record order backlog of 137.4 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
55 dollars (and no longer between 20.85 dollars and 21.15 dollars), with revenues of about 59.1 billion dollars (vs. a previous target range of 58.25 billion to 59.75 billion dollars).
In Q3, the defense equipment manufacturer's net profit rose by 9% to 1.6 billion dollars, meaning EPS of 5.66 dollars, beating the consensus by over 60 cents.
The group's revenues increased by nearly 6% to 15.2 billion dollars, growth which was driven by aeronautics. At the end of the period, Lockheed Martin boasted a record order backlog of 137.4 billion dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.