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Lockheed Martin's stock falls after profit comes up shy, downbeat outlook
Shares of Lockheed Martin Corp. LMT, fell 2.3% in premarket trade Tuesday, after the aeronautics and defense contractor reported a fourth-quarter profit that was shy of expectations and a downbeat outlook, but revenue was well above. The company swung to net income of $1.25 billion, or $4.39 a share, from a loss of $744 million, or $2.60 a share, in the same period a year ago, which included a $2.0 billion charge related to U.S. tax reform.
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https://www.marketwatch.com/story/lockhe...2019-01-29
Shares of Lockheed Martin Corp. LMT, fell 2.3% in premarket trade Tuesday, after the aeronautics and defense contractor reported a fourth-quarter profit that was shy of expectations and a downbeat outlook, but revenue was well above. The company swung to net income of $1.25 billion, or $4.39 a share, from a loss of $744 million, or $2.60 a share, in the same period a year ago, which included a $2.0 billion charge related to U.S. tax reform.
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https://www.marketwatch.com/story/lockhe...2019-01-29
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