BETHESDA, Md. (AP) _ Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter net income of $614 million.

On a per-share basis, the Bethesda, Maryland-based company said it had profit of $2.21. Earnings, adjusted for non-recurring costs, came to $6.66 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.

The aerospace and defense company posted revenue of $16.03 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $17.15 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMT at https://www.zacks.com/ap/LMT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News