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Lockheed Martin Corp Updates FY 2013 Revenue Guidance; Raises FY 2013 Earnings Guidance; Comments On FY 2014 Revenue Guidance

Tuesday, 22 Oct 2013 07:25am EDT 

Lockheed Martin Corp announced that for fiscal 2013, it expects net sales of $45.000 billion, as compared to previous announced range of $44.500 billion-$46.000 billion, consolidated operating profit of $4.625 billion-$4.775 billion, as compared to previous announced range of $4.550 billion-$4.700 billion and diluted earnings per share (EPS) of $9.40-$9.70, as compared to previous announced range of $9.20-$9.50. For fiscal 2014, it expects net sales will decline slightly from fiscal 2013 levels and that business segment operating margin will remain above 11.5%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $44.967 billion, EBIT of $4.674 billion and EPS of $9.50 for fiscal 2013; revenue of $43.602 billion for fiscal 2014. 

Company Quote

2.27 +1.22%
4:03pm EDT