Lockheed Martin raises 2018 forecast on strong quarterly earnings

Lockheed Martin reported third-quarter earnings Tuesday which beat Wall Street expectations and provided guidance that the company will finish the year strong.

The defense contractor raised its forecast for full year 2018 earnings to about $17.50 a share, above Lockheed Martin's previously forecast range of $16.75 a share to $17.05 a share.

• EPS: $5.14 a share vs. $4.31 a share forecast by Refinitiv.
• Revenue: $14.32 billion vs. $13.07 billion forecast by Refinitiv.

Lockheed Martin shares fell 1.1 percent in premarket trading.

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