Lockheed reported a better-than-expected quarterly profit and raised its full-year forecast, helped in part by higher sales of its stealthy F-35 combat jets. The outlook for annual cash flow was the only major financial category that Lockheed did not revise higher. “There could be some modest disappointment that the cash guidance has not been raised, but it is early in the year and cash is trickier to predict,” analyst Robert Stallard of Vertical Research said in a note. …read more
Source:: Yahoo Finance
