Lockheed Martin Q3 Earnings Top Estimates, Revenue $20.71 Billion; Lifts Full-Year Revenue Outlook

Lockheed Martin Corp. (LMT) on Thursday reported third-quarter net income of $1.85 billion, or $7.97 per share, beating the $7.49 average estimate of six analysts surveyed by Zacks Investment Research. The Bethesda, Maryland-based aerospace and defense company posted revenue of $20.71 billion, surpassing the $20.43 billion forecast from five analysts surveyed by Zacks. Lockheed expects full-year revenue in the range of $80 billion to $82 billion.