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https://realmoney.thestreet.com/investing/here-s-my-plan-for-lockheed-after-they-beat-q2-expectations-by-a-boatload-15378249

Here's My Plan for Lockheed After They Beat Q2 Expectations by a Boatload

2020-07-21 11:30:00, Stephen Guilfoyle, RealMoney

Content Categorization
/Business & Industrial

Word Count:
1150

Words/Sentence:
16

Reading Time:
7.67 min

Reading Quality:
Intermediate

Readability:
11th or 12th

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The Quarter Reported Back in May, Lockheed Martin was forced to announce that the pandemic was impacting suppliers, and that production of the highly lucrative F-35 stealth fighter aircraft would have to slow.

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Just this past Friday alone… the U.S. Air Force awarded the firm a $15 billion (with a B) contract to produce C-130J Super Hercules reconnaissance/special operations aircraft.

For the firm's second fiscal quarter, Lockheed Martin reported adjusted EPS of $6.13, which included a post-tax charge of $0.34 cents a share, or GAAP EPS of $5.79.

The firm increased full year expectations for EPS by a full dime on both ends of a range now spanning $23.75 to $24.05, while raising guidance for sales from $62.25 billion-$64 billion to $63.5 billion-$65 billion.

Keywords
Investing, trading, Stock, Stephen Guilfoyle, guidance, earnings, News, investing, stock charts, aerospace, stocks, Investments, Lockheed Martin, Financial, LMT, technical analysis, Quotes, Trading, Headlines, defense contractors, TheStreet, Market

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