Lockheed Martin raises 2019 forecast as quarterly profit climbs 9.2% | Cape Breton Post
(Reuters) - Lockheed Martin Corp
The company raised its per-share profit estimate for the year by 1.9% to $21.55 from $21.15, the high point of a previous guidance.
Lockheed's stock was down about 2.4% in premarket trading.
Net income rose to $1.61 billion, or $5.66 per share, in the third quarter ended Sept. 29, from $1.47 billion, or $5.14 per share, a year earlier.
Net sales rose to $15.17 billion from $14.32 billion.
The Bethesda, Maryland-based company delivered 28 F-35 combat jets in the quarter, compared with 20 a year earlier.
During the second quarter, Lockheed delivered 29 F-35s. So far this year, the company has delivered 83 of the jets, out of a total expected for the year of 131.
(Reporting by Mike Stone in Washington and Dominic Roshan K.L. in Bengaluru; Editing by Aditya Soni and Bernadette Baum)
Lockheed Martin ( LMT - Get Report) posted third-quarter earnings of $5.66 a share, handily beating analysts' estimates, and said it was raising its 2019 profit and revenue forecast. Revenue in the quarter was
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