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Lockheed Martin’s Net Profits Flat On Loss At Former Business Units

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By Calvin Biesecker Lockheed Martin [LMT] yesterday posted slightly lower net income in its first quarter due to a loss to two former business units, although earnings from continuing operations were up and beat consensus estimates. Net income was down a half-percent to $530 million, $1.50 earnings per share (EPS), from $533 million ($1.41 EPS), due to an $18 million (5 cents EPS) loss from discontinued operations. A year ago, discontinued operations added $14 million (3 cents EPS) to the…

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