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BAE Systems Beats Full-Year Earnings Expectations

The weapons manufacturer and F-35 partner saw sales and earnings grow ahead of consensus.

BAE Systems (BAESY) stock rose sharply in London on Thursday after the weapons manufacturer, and one of Lockheed's (LMT) - Get Lockheed Martin Corporation (LMT) Report F-35 partners, beat expectations for full-year sales and earnings.

It reported sales of £19.02 billion ($23.7 billion) for the year, which was ahead of the consensus estimate for £18.85 billion, and delivered some positive numbers on the bottom line.

Underlying Ebit came in at £1.90 billion against expectations for a smaller print of £1.81 billion while underlying earnings per share were 40.3 pence, marginally ahead of the consensus for 40.2 pence.

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