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Lockheed Martin Posts Solid Earnings Beat

Shares of Lockheed Martin were higher Tuesday after reporting a massive earnings beat.

Shares of Lockheed Martin (LMT) - Get Report were higher Tuesday after reporting a massive earnings beat. The aerospace-and-defense company posted earnings of $3.61 a share, which was well above Wall Street's forecast for $2.86. Revenue of $11.55 billion also topped expectations. Lockheed now expects earnings for the year of $12.10 a share, compared to its prior outlook range of $11.15 to $11.45 a share. The company also updated its full-year revenue forecast to $46.5 billion, which is an increase from its previous range.

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