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Lockheed Martin stock slips after profit came up shy of forecasts, but full-year outlook raised

Lockheed Martin stock slips after profit came up shy of forecasts, but full-year outlook raised

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Shares of Lockheed Martin Corp. fell 0.6% in premarket trading Monday, after the aerospace and defense contractor reported a second-quarter profit that came up shy of expectations, amid performance issues in aeronautics, but revenue that rose above forecasts. Net income rose to $1.82 billion, or $6.52 a share, from $1.63 billion, or $5.79 a share, in the year ago period.

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