BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported fourth-quarter earnings of $1.87 billion.

The Bethesda, Maryland-based company said it had profit of $7.58 per share. Earnings, adjusted for severance costs and non-recurring costs, were $7.90 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $7.26 per share.

The aerospace and defense company posted revenue of $18.87 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $17.98 billion.

For the year, the company reported profit of $6.92 billion, or $27.55 per share. Revenue was reported as $67.57 billion.

Lockheed expects full-year earnings to be $25.65 to $26.35 per share, with revenue in the range of $68.5 billion to $70 billion.

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