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Actionable news in LMT: LOCKHEED MARTIN Corp,

Lockheed Martin (LMT) Stock Closes Higher Ahead of Earnings Report

NEW YORK (TheStreet) -- Shares of Lockheed Martin (LMT - Get Report) gained 0.4% to close at $210.57 on Monday, ahead of the aerospace company's third quarter earnings report, which is due before the market opens on Tuesday.

Analysts expect Lockheed Martin to report earnings of $2.72 a share and revenue of $11.14 billion for the third quarter.

Lockheed Martin reported earnings of $2.94 a share in the second quarter, beating analysts' estimates of $2.66 a share for the quarter. The company reported revenue of $11.64 billion for the quarter, above analysts' estimates of $10.99 billion.

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The aerospace company reported earnings of $2.76 a share in the third quarter of 2014, above analysts' estimates of $2.71 a share. Lockheed Martin said revenue of $11.11 billion in the year-ago quarter, compared to analysts' estimates of $11.28 billion.

TheStreet's Jim Cramer, Action Alerts PLUS Charitable Trust portfolio manager, discussed Lockheed Martin earlier on Monday, saying that "There are rumors that they're going to announce a gigantic head count reduction which would free up a lot of cash flow, I think, to buy back stock...


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