— Lockheed Martin Corporation (NYSE: LMT) reported fourth-quarter 2019 earnings of $5.29 per share, vs. $5.02 per share expected.
— Net income was $1.5 billion, up from $1.3 billion reported in the fourth quarter of 2018.
— Total revenue rose 10% to $15.9 billion, vs. $15.27 billion expected. Aeronautics and Missiles and Fire Control units delivered strong revenue growth.
— Cash from operations was $1.5 billion, compared to $2.2 billion last year
— Repurchased 1.3 million shares for $490 million during the quarter
— Expects net sales to be in the range of $62.75 billion to $64.25 billion in fiscal 2020
— Expects full-year 2020 earnings per share to be between $23.65 and $23.95
— Looking for business segment operating profit between $6.80 billion and $6.95 billion in 2020
— Full-year cash from operations is estimated to be ≥$7,600
Business consulting services provider Accenture (NYSE: ACN) reported its fourth quarter and fiscal 2020 earnings last Thursday. Accenture's failure to meet the market's earnings and revenue targets and the weak
Stock markets shifted to recovery mode as the week came to a close, with the major indices closing higher after staying in the negative territory in the past few weeks.
Renewable energy companies have been gaining attraction in the market due to the strong potential they have. Many countries are now relying mainly on renewable energy for their power consumption.