April 23, 2019
(Reuters) – Pentagon’s No.1 weapons supplier Lockheed Martin Corp on Tuesday reported a 47 percent jump in quarterly profit and raised its 2019 profit forecast, sending shares up 4.5 percent before the bell.
The company now expects full-year profit to range between $20.05 and $20.35 per share, compared with its previous forecast of $19.15 to $19.45.
Net earnings rose to $1.70 billion, or $5.99 per share, in the first quarter ended March 31, from $1.16 billion, or $4.02 per share, a year earlier.
Net sales rose 23 percent to $14.34 billion.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)