Lockheed Reports Solid 3Q, but 2019 Margin and Revenue Outlook a Bit Below Our Expectations
Wide-moat Lockheed Martin reported its third-quarter 2018 that featured an earnings beat, and management also raised 2018 EPS guidance to $17.50 from $16.75-$17.05 previously. Operations drove 40 cents of the EPS guidance increase, while lower taxes generated the remainder. Encouragingly, growth across all of Lockheed’s businesses contributed to the EPS lift, and all units are now projected to come in at the high end of their previous guidance ranges for 2018 revenue and profits.We also got a g...
Lockheed Martin is a security and aerospace company. The company has four segments: Aeronautics, which is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of military aircraft; Missiles and Fire Control, which provides air and missile defense systems, logistics, fire control systems, and mission operations support; Rotary and Mission Systems, which provides design, manufacture, service and support for military and commercial helicopters, radar systems, and simulation and training services; Space, which researches, designs, develops, engineers and produces satellites, space transportation systems, and strategic, strike, and defensive systems.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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