Latest news with #955
Yahoo
22-04-2025
- Business
- Yahoo
Lockheed Martin Surprises With Strong Q1 as Missiles Division Drives Growth
Lockheed Martin (NYSE:LMT) posted better-than-expected earnings for the first quarter of 2025, driven by growth in its Missiles division. The defense contractor reported $18 billion in sales, a 4% increase from a year earlier, exceeding analyst expectations of $17.8 billion. Warning! GuruFocus has detected 4 Warning Signs with LMT. Net earnings rose to $1.7 billion, or $7.28 per share, up from $1.5 billion, or $6.39 per share, in the same period last year. Analysts had anticipated $6.35 per share. The company's stock rose 3.5% in premarket trading following the announcement. Cash from operations came in at $1.4 billion, down from $1.6 billion, while free cash flow fell to $955 million from $1.3 billion. The company invested over $850 million in research and capital projects during the quarter and returned $1.5 billion to shareholders through dividends and share repurchases. Lockheed's order backlog rose to $173 billion. It secured new contracts for Precision Strike Missiles, THAAD, JASSM/LRASM, and the Trident II D5 Life Extension, totaling roughly $10 billion in future work. The company maintained its full-year sales forecast of $73.75 billion to $74.75 billion, in line with consensus estimates. This article first appeared on GuruFocus.
Zawya
13-03-2025
- Business
- Zawya
Saudi bank credit surpasses $800bln by end of January 2025
RIYADH - The total bank credit granted to the public and private sectors in Saudi Arabia reached its highest level at SAR3,005,946 million by the end of January 2025, according to the monthly statistical bulletin issued by the Saudi Central Bank (SAMA) for January 2025. According to Saudi Press Agency (SPA), this marks an annual growth of 15 percent and an increase of over SAR348,219 million compared to the same period in 2024, when it stood at SAR2,621,726 million. Meanwhile, the total bank credit recorded a monthly growth of 2 percent by the end of January 2025, increasing by approximately SAR50,395 million compared to December 2024, when it stood at SAR2,955,550 million. ES
