[ad_1]
Aerospace company Lockheed Martin Corporation (NYSE: LMT ) on Tuesday said its sales rose 7% in the fourth quarter of 2022, but net profit declined.
The company reported fourth quarter 2022 net sales of $19.0 billion, compared to $17.7 billion in the prior year period. The latest numbers also exceeded expectations.
Fourth quarter net earnings were $1.9 billion, or $7.40 per share, compared to $2.0 billion, or $7.47 per share, in the fourth quarter of 2021. Adjusted earnings, excluding special items, is $7.79 per share, compared to $7.22 per share last year. .
Check space to read management/analyst commentary on Lockheed Martin Q4 2022 result
Shares of Lockheed Martin gained early Tuesday after the earnings announcement, after closing the previous session lower.
Previous performance
[ad_2]
Source link