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To: The Ox who wrote (1439)2/13/2013 1:54:54 PM
From: The Ox  Respond to of 8271
 
Thinking about the weakness in stocks like LMT, if they can get a budget deal done soon, these stocks should soar. If not, they will be slipping lower on sequestration fears. RTN, GD and many others are in similar situations.



To: The Ox who wrote (1439)7/23/2013 8:25:55 AM
From: The Ox  Respond to of 8271
 
7:31AM Lockheed Martin beats by $0.43, beats on revs; raises FY13 EPS guidance above consensus, revs in-line ( LMT) 115.66 : Reports Q2 (Jun) earnings of $2.64 per share, including a $0.23 non-cash FAS/CAS pension adjustment, $0.43 better than the Capital IQ Consensus Estimate of $2.21; revenues fell 4.3% year/year to $11.41 bln vs the $11.15 bln consensus.

Co raises EPS guidance for FY13, sees EPS of $9.20-9.50 vs. $9.01 Capital IQ Consensus Estimate, up from $8.80-9.10; sees FY13 revs of $44.5-46.0 bln vs. $44.9 bln Capital IQ Consensus Estimate.

"Overall, we had strong operational performance and program execution across all business areas this quarter, enabling us to increase 2013 financial guidance for operating profit, earnings per share, and cash from operations," said Lockheed Martin Chief Executive Officer and President Marillyn Hewson. "Even in an uncertain budget environment, our portfolio of products and capabilities, robust cash generation, and outstanding performance by our 116,000 employees, continue to deliver value to our customers and shareholders."