Lockheed Martin Corp.
(NYSE:LMT) stock rose Thursday after the defense contractor reported second-quarter results that topped Wall Street expectations and raised its full-year guidance on stronger sales, earnings and defense demand.
The company reported GAAP diluted earnings of $7.94 per share, beating the analyst consensus estimate of $7.09, according to Benzinga Pro.
Revenue increased 11% year over year to $20.063 billion, exceeding the Street estimate of $19.344 billion.
Profit Rebounds As Prior-Year Charges Fade Net earnings climbed to $1.836 billion from $342 million a year earlier.
