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Lockheed Martin Corp Sees FY 2013 Revenue Guidance At Low End Of Prior Range; Reaffirms FY 2013 Earnings Guidance

Tuesday, 23 Apr 2013 07:25am EDT 

Lockheed Martin Corp announced that after considering the potential sequestration estimate along with its first quarter 2013 results, the Company has revised its fiscal 2013 outlook to indicate that the Company expects its net sales to be near the low end of the range provided in January, while the other outlook ranges remain unchanged. The Company provided the following fiscal 2013 outlook in January: net sales of $44.500-$46.000 billion, consolidated operating profit of $4.350-$4.50 billion and diluted earnings per share (EPS) of $8.80-$9.10. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $45.119 billion, EBIT of $4.404 billion and EPS of $8.92 for fiscal 2013.