Business Standard

Lockheed Martin posts quarterly profit


(Reuters) - Pentagon's No.1 weapons supplier Lockheed Martin Corp, reported a quarterly profit on Tuesday, compared with a year-ago loss, lifted by demand for its F-35 fighter jets.
The company posted earnings from continuing operations of $1.25 billion, or $4.39 per share, in the fourth quarter ended Dec. 31, compared with a net loss of $817 million, or $2.85 per share.
In the year-ago quarter, the company took a one-time charge of $1.9 billion related to the U.S. tax overhaul.
Net sales rose to $14.41 billion from $13.84 billion.
(Reporting by Rama Venkat in Bengaluru; Editing by Sriraj Kalluvila)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 29 2019 | 6:14 PM IST

Explore News