(Boursier.com) — Lockheed Martin, American defense contracts giant, exceeded the profit consensus for the closed quarter and still expects an expansion of its activity this year. For the quarter ended, the group generated earnings per share of $6.73 and revenues of approximately $16.9 billion. The consensus was for $6.67 in adjusted earnings per share on $16.73 billion in revenue. Thus, quarterly revenues improved by 2% year-on-year. Net profit was $1.7 billion. Cash flow from operations was $2.9 billion and free cash flow was $2.5 billion. The group is increasing its authorization for share repurchases by 6 billion dollars, to 13 billion now. The quarterly dividend is increased to $3.15. The group finally reaffirms its 2023 financial outlook.
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