Defense Digest: Watching Q3 Earnings

5 Defense Names' Quarterly Results

The following companies have already reported their results:

• General Dynamics Corporation GD reported EPS of $2.48 on revenue of $7.7 billion.
• Lockheed Martin Corporation LMT reported EPS from continuing operations of $3.61 on sales revenue of $11.6 billion. The forecast for full year has been increased from EPS of $11.15–$11.45 to $12.10 and sales from $45 billion–$46.2 billion to $46.5 billion.
• Northrop Grumman Corporation NOC reported EPS of $3.12 on revenue of $6.16 billion. The company boosted EPS outlook from $10.75–$11.00 to $11.55–$11.75 and revenue from $23.5–$24.0 billion to $23.9–$24.1 billion.
• Rockwell Collins, Inc. COL reported EPS of $1.58 on revenue of $1.445 billion.
• United Technologies Corporation UTX reported adjusted EPS of $1.76 on sales of $14.4 billion. Adjusted EPS forecast lifted from $6.45–$6.60 to $6.55–$6.60 for the full year. Sales are predicted at $57 billion–$58 billion.

2 Yet To Report

The following companies will report Thursday:

• L-3 Communications Holdings, Inc. LLL: The Street expects $1.82 EPS and $2.55 billion revenue.
• Raytheon Company RTN: Analysts are looking for an EPS of $1.66 on revenue of $6.04 billion.