Investing.com - Aerospace giant Lockheed Martin reported better-than-expected second quarter earnings ahead of Tuesday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its second quarter earnings report, Lockheed Martin said earnings per share came in at USD2.64, easily beating expectations for USD2.20 per share.
The company’s second quarter revenue totaled USD11.41 billion, above expectations for revenue of USD11.13 billion.
The aircraft maker boosted its full-year earnings outlook to a range in between USD9.20 to USD9.50 per share, up from a previous forecast of a range between USD8.80 to USD9.10 per share.
Immediately after the earnings announcement, Lockheed Martin shares rose 1.6% in trading prior to the opening bell.
Meanwhile, the outlook for U.S. equity markets was mildly higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a 0.1% increase, while Nasdaq 100 futures indicated an advance of 0.2% at the open.
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Lockheed Martin crushes earnings, raises full-year outlook
Published 07/23/2013, 07:39 AM
Lockheed Martin crushes earnings, raises full-year outlook
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