Lockheed Martin Earnings: Revenues Driven By Sikorsky Inclusion While Earnings Fall Short

Lockheed Martin (NYSE: LMT) beat consensus revenue estimates while falling short on first quarter earnings. Revenues came in at around $360 million more than expected $11,702 million, while earnings per share came in a cent short of the consensus of $2.59 due to over a $100 million in severance expenses incurred (as the company focuses to reduce their headcount). Guidance for the full year was revised upwards, Revenues are now expected to fall within the $49.6 billion to $51.1 billion range, whi...