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The report of the American military-industrial corporation Lockheed Martin for the first quarter of 2019 showed an increase in net profit relative to the same quarter last year by 47% to 1 billion 700 million dollars. The adjusted earnings of $5,73 per share, surpassed economists’ forecast of $4, 34 per share. Revenues amounted to 14 billion 340 million dollars, rising by 23% over the year. During the earnings period, the company recorded an increase in pending orders by $3 billion. Revenues of the electronic systems division grew 40% to $2 billion 350 million. Its operating profit jumped 60% to $417 million. The aviation division for the quarter increased revenue by 27%, operating profit - by 23%. The revenue of the space division increased by 13%, profits increased by 27%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
On Tuesday, Snap Inc.’s (SNAP.N) stock price declined by more than 11% in after-hours trading as investors digested the company’s user and revenue growth after its second-quarter earnings report. The social media company reported ...
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