Lockheed Martin Corporation (NYSE:LMT) unfold its second quarter earnings results on Tuesday 21st July 2020 before market open.
The security and aerospace developer, reported $ 5.79 income per share for the quarter, beat the consensus estimate of $ 5.72 income per share by $ 0.07 or 1.22 percent.
The quarterly earnings improved 15.80 percent compared with the same quarter last year.
The firm had revenue of $ 16,220.00 million for the quarter, compared to the consensus estimate of $ 15226.70 million. The revenues outshined analysts estimates by $ 993.30 million or 6.52 percent.
The financial report showed revenues extended 12.43 percent versus second quarter of last year.
James Taiclet, Lockheed Martin president and CEO, said, I am pleased to see continued strong operational and financial results this quarter as we remain focused on performing with excellence for our customers while protecting the well-being of our employees and keeping our supply chain strong during this global pandemic. Our dedicated Lockheed Martin team, and strong portfolio, coupled with supportive governmental actions have positioned us to deliver vital national security solutions for our country and international partners, and long-term value for our shareholders.
Moving forward, LMT revised revenue for 2020 from previous estimates range of $ 62250.00 million ~ $ 64000.00 million to a new range $ 63500.00 million ~ $ 65000.00 million
At the same time, the company updates 2020 earnings estimate from the previous range of $ 23.65 ~ $ 23.95 per share to a new range $ 23.50 ~ $ 24.05 per share.
The consensus estimates for 2020 are income of $ 24.17 per share from $ 63447.10 million in revenue.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
