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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:00 EDTLMTEarnings Preview: Lockheed Martin shares near three-year high ahead of Q4 report
Lockheed Martin (LMT) is expected to report Q4 earnings on Thursday, January 24 before the market open with a conference call scheduled for 3:00 pm ET. Lockheed Martin is a globally diversified security and aerospace company... EXPECTATIONS: Analysts are looking for EPS of $1.82 on revenue of $11.16B, according to First Call. The consensus range for EPS is $1.73-$2.00 on revenue of $10.58B-$11.55B... LAST QUARTER: Lockheed Martin reported Q3 EPS of $2.21 against estimates for $1.85 on revenue of $11.87B against estimates for $11.17B. On its Q3 earnings report, the company raised its 2012 EPS and revenue views. FY12 EPS guidance was raised to $8.20-$8.40 from $7.90-$8.10, consensus $8.10. FY12 revenue was upped to $45.5B-$46.5B from $45B-$46B, consensus $45.68B. Lockheed also expected FY13 revenue to decline in the low single digit range. On November 9, the company announced a CEO transition with the appointment of Marilyn Newson as CEO and COO, replacing Christopher E. Kubasik who resigned after an ethics investigation... STREET RESEARCH: Street research has been positive in the weeks leading up to Lockheed's Q4 earnings report. On November 26, Bernstein upgraded the company to Outperform from Market Perform based on an improving outlook for the F-35 and growing international demand. They raised their price target to $111 from $105. On November 30, CRT Capital upgraded Lockheed to Fair Value from Sell, saying the company’s dividend yield would provide a floor for the shares in the near term... PRICE ACTION: Lockheed shares have traded in a choppy pattern following the company's Q3 report, but have recently advanced and currently sit near 52-week and three-year highs of $95.92. In early afternoon trading ahead of tomorrow's Q4 report, Lockheed’s shares are up slightly to $95.76.
News For LMT From The Last 14 Days
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January 29, 2015
06:33 EDTLMTBoeing, Lockheed Martin get $383M deal from Air Force, Reuters says
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January 28, 2015
09:05 EDTLMTExelis receives low rate initial production contract from Lockheed Martin
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January 27, 2015
07:36 EDTLMTLockheed Martin reports Q4 Aeronautics sales $4.14B
Reports Q4 Information Systems & Global Solutions sales $1.99; Reports Q4 Missiles and Fire Control sales $2.01B; Reports Q4 Mission Systems and Training sales $2.07B. Reports Q4 Space Systems sales $2.32B.
07:34 EDTLMTLockheed Martin sees FY15 EPS $10.80-$11.10, consensus $11.49
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07:33 EDTLMTLockheed Martin reports Q4 EPS cont ops $2.82, consensus $2.85
Reports Q4 revenue $12.53B, consensus $11.89B; Fourth quarter net earnings from continuing operations included a special charge for a non-cash goodwill impairment of $119M, which decreased net earnings by $107M, or 33c per diluted share, partially offset by a decrease in income tax expense due to the retroactive reinstatement of the U.S. research and development tax credit for 2014, which increased earnings $45 million, or 14c per diluted share.
January 26, 2015
15:40 EDTLMTNotable companies reporting before tomorrow's open
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January 22, 2015
06:28 EDTLMTDefense and aerospace firms may see cybersecurity business boost, LA Times says
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