Lockheed Martin (LMT) Makes Wall St. Happy
October 23, 2007 by Douglas A. McIntyreShares of Lockheed Martin (LMT) are already rising before the bell. The company reported third quarter 2007 net earnings of $766 million ($1.80 per diluted share), compared to $629 million ($1.46 per diluted share) in 2006. Net sales were $11.1 billion, a 16% increase over third quarter 2006 sales of $9.6 billion
"In the third quarter we achieved double-digit growth in sales and operating earnings for every business segment, as well as double digit EPS growth for the corporation." said Bob Stevens, Lockheed Martin Chairman, President and CEO.
The company raised its expecations for full-year earnings and EPS
Douglas A. McIntyre
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