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Lockheed Martin profit up but forecasts lower cash flow in 2020; shares slip

1 month ago   |   By Reuters

Lockheed Martin Corp raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but shares fell in premarket trading after it forecast lower cash flow next year.
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Lockheed Martin raises 2019 forecast as quarterly profit climbs 9.2%

1 month ago   |   By Reuters

Lockheed Martin Corp raised its forecast for 2019 earnings as it reported a 9.2% rise in quarterly profit on Tuesday, helped by increased sales in its aeronautics business, which makes F-35 fighter jets.
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Sophia Hutchins set the record straight on her relationship with Caitlyn...

Sophia Hutchins set the record straight on her relationship with Caitlyn Jenner, saying they never dated

Sophia Hutchins commented on rumors about her relationship with Caitlyn Jenner for the first time in a recent interview with Ben Widdicombe for The New York Times . Despite... Read more ...

Ex-Sudan president Omar al-Bashir sentenced to 2 years for corruption

Ex-Sudan president Omar al-Bashir sentenced to 2 years for corruption

Former Sudan president Omar al-Bashir was convicted Saturday of corruption and money laundering and will face two years at a correctional facility. Now 75, al-Bashir was spared... Read more ...

Giorgio Armani just dropped $17.5 million on a Manhattan penthouse that has...

Giorgio Armani just dropped $17.5 million on a Manhattan penthouse that has stained glass windows and looks like a church - here's a look inside

Billionaire fashion designer Giorgio Armani recently dropped nearly $17.5 million on Manhattan penthouse, according to a report by the Wall Street Journal 's Katherine... Read more ...

China is cautiously welcoming the new 'Phase One' deal struck with the US...

China is cautiously welcoming the new 'Phase One' deal struck with the US, but the trade war is far from over

The US and China agreed a preliminary "Phase One" deal in their ongoing trade war on Friday. The deal will mean reduced tariffs on both sides, and China will buy up more... Read more ...

What happened when US presidents Andrew Johnson, Richard Nixon, and Bill...

What happened when US presidents Andrew Johnson, Richard Nixon, and Bill Clinton faced impeachment, and how it compares to today

Since September, Congress has been investigating whether President Donald Trump attempted to get Ukraine to investigate Democrat presidential candidate Joe Biden and his... Read more ...

Wedding website Zola says the Hallmark Channel won't air its commercial...

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The Hallmark Channel is refusing to air a commercial featuring a same-sex couple from Zola , a wedding planning resource, Zola representatives told Insider. On Monday, One... Read more ...

Bernie Sanders endorsed a congressional candidate who once regularly used...

Bernie Sanders endorsed a congressional candidate who once regularly used the N-word and repeatedly made crude comments about women

Bernie Sanders endorsed California congressional candidate Cenk Uygur who has been found to use the N-word and make crude comments about women. Sanders called Uygur, who in a... Read more ...

The Geminids meteor shower peaks this weekend, with hundreds of multicolored...

The Geminids meteor shower peaks this weekend, with hundreds of multicolored shooting stars. Here's how to spot them

The Geminids meteor shower peaks on Friday night, sending up to 120 multicolored meteors across the night sky per hour. Because the moon will be almost full, only the brightest... Read more ...

We just got a stark warning that the US economy is slowing as trade tensions...

We just got a stark warning that the US economy is slowing as trade tensions persist

US retail sales grew less than expected in November, rising 0.2% compared to the 0.5% estimate from economists surveyed by Bloomberg . The lagging sales data signals slower... Read more ...

A 13-year-old has admitted to killing an 18-year-old Barnard College student...

A 13-year-old has admitted to killing an 18-year-old Barnard College student in a Manhattan park, police say

Tessa Majors, an 18-year-old freshman at Barnard College, was killed in Morningside Park on Wednesday evening. Police believe she was killed in a robbery gone wrong. A... Read more ...