BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Thursday reported fourth-quarter profit of $1.34 billion.
The Bethesda, Maryland-based company said it had net income of $5.80 per share. Earnings, adjusted for non-recurring costs, came to $7.43 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $6.24 per share.
The aerospace and defense company posted revenue of $20.32 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $19.83 billion.
For the year, the company reported profit of $5.02 billion, or $21.49 per share. Revenue was reported as $75.05 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMT at https://www.zacks.com/ap/LMT