Shares of Lockheed Martin slip after earnings miss

October 24, 2017

CNBC News:

Lockheed Martin reported lower-than-expected third-quarter earnings before market open Friday.

Shares of the aerospace and dense contract slipped more than 1 percent in premarket trading Friday.

CEO Marillyn Hewson said the company has “a record backlog that supports long term growth.” Lockheed Martin raised its expectation for its full-year earnings to a range of $12.85 – $13.15 per share, up from $12.30 – $12.60.

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