Monday, January 29, 2018

Lockheed Martin Q4 Results Beat View; Shares Rise

Aerospace and defense contractor Lockheed Martin Corp. on Monday reported a loss for the fourth quarter as higher revenues were more than offset by a charge related to the U.S. tax reform. However, both revenue and adjusted earnings per share for the quarter beat analysts' expectations. For fiscal 2018, the company forecast earnings above analysts' estimates and revenue in line with expectations.

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