Lockheed Martin (LMT) Misses Q1 EPS by 1c; FY16 EPS Outlook Lifted
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Lockheed Martin Reports First Quarter 2016 Results
April 26, 2016 7:25 AM EDTBETHESDA, Md., April 26, 2016 /PRNewswire/ --Â Lockheed Martin (NYSE: LMT) today reported first quarter 2016 net sales of $11.7 billion, compared to $10.1 billion in the first quarter of 2015. Net earnings in the first quarter of 2016 were $794 million, or $2.58 per share, compared to $878 million, or $2.74 per share, in the first quarter of 2015. Cash from operations in the first quarter of 2016 was $1.6 billion, compared to $1.0 billion in the first quarter of 2015.
First quarter 2016 net earnings included special charges for workforce reductions at the Corporation's Aeronautics and... More
