Menu
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  Banking & Finance  >  Tri-County Public Companies  >  Earnings  >  Current Article

Lockheed Martin’s first quarter results mixed

By   /   Tuesday, April 26th, 2016  /   Comments Off on Lockheed Martin’s first quarter results mixed

    Print       Email

Lockheed Martin reported mixed first quarter 2016 earnings results on April 26.

During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 billion and earnings per share of $2.74.

Net earnings of $794 million was down from $878 million during the first quarter of 2015.

The Bethesda, Md.-based company operates a Goleta facility, which makes electro-optical infrared imaging systems for aircraft and satellites. In November, the facility celebrated its 30th anniversary.

• Contact Philip Joens at pjoens@pacbiztimes.com.

    Print       Email