Lockheed Martin Corp. (LMT) reported a decline in profit for the fourth quarter compared to the same period the previous year. The company posted a net income of $527 million, or $2.22 per share, a significant decrease from the $1.866 billion, or $7.58 per share, it recorded last year. Revenue for the quarter also saw a decline, dropping 1.3% to $18.622 billion from $18.874 billion in the previous year.
Summary of Lockheed Martin Corp.'s earnings (GAAP):
- Earnings: $527 million, compared to $1.866 billion last year.
- Earnings Per Share (EPS): $2.22, versus $7.58 last year.
- Revenue: $18.622 billion, down from $18.874 billion last year.
