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Nokia: Q3 Earnings Snapshot – WTOP News
- On Thursday, Lockheed Martin Corp. reported third-quarter earnings of $1.85 billion, or $7.97 per share, beating Wall Street expectations. The company raised its annual sales forecast to $80 billion to $82 billion.
- The company's backlog rose 27% sequentially to a record $292 billion, boosted by a $52.5 billion multi-year award for PAC-3 Missile Segment Enhancement interceptors heavily used by US and allied forces in the Iran war.
- Sales for the quarter rose 11% to $20.71 billion, driven by 24% growth in the missiles unit and 13% increase in aeronautics revenue from F-35 and C-130 programs. CFO Evan Scott cited fourth-quarter capital spending expansion for munitions production.
- Lockheed and the Department of War finalized a 10-year framework agreement guaranteeing a minimum of 850 F-35 aircraft, securing at least $7 billion of company-funded investments in the program's industrial base.
- The company warned that operations and cash flow could be affected if additional contractual authorization is not received for F-35 Lots 20 and higher, as negotiations with the government remain ongoing.
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47 Articles
Lockheed Martin's business continued in strong expansion in the third quarter. Exclusive subject matter for subscribers. To have full access, access the subject's link and register.
·Rio de Janeiro, Brazil
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Nokia's gross profit between January and September amounted to EUR 6,298 million, an increase of 7.7% in homologous terms, although the operating result decreased 43% to EUR 229 million.
·Lisboa, Portugal
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Coverage Details
Total News Sources47
Leaning Left1Leaning Right6Center12Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
C 63%
R 32%
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