January 29, 2018 / 12:41 PM / 8 months ago

CORRECTED-Lockheed Martin takes $2 bln charge

(Corrects headline and first paragraph to remove incorrect reference to adjusted profit beating estimates)

Jan 29 (Reuters) - Lockheed Martin Corp reported a net loss in the fourth quarter on Monday as the U.S. defense contractor took a $1.9 billion charge mainly due to the change in U.S. tax law, but beat expectations for sales.

Lockheed said it expects 2018 net sales in the range of $50.00 billion-$51.50 billion and earnings per share of $15.20-$15.50.

Net sales rose to $15.14 billion from $13.75 billion a year earlier compared with the average analyst estimate of $14.72 billion. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below