April 25, 2017 / 12:16 PM / 4 months ago

BRIEF-Lockheed Martin Q1 sales $11.1 billion

April 25 (Reuters) - Lockheed Martin Corp:

* Lockheed Martin reports first quarter 2017 results

* Q1 earnings per share $2.61 from continuing operations

* Q1 sales $11.1 billion versus I/B/E/S view $11.24 billion

* Q1 earnings per share view $2.78 -- Thomson Reuters I/B/E/S

* Lockheed Martin Corp - Q1 2017 net earnings from continuing operations includes a $120 million charge

* Sees 2017 net sales $49,500 million - $50,700 million

* Lockheed Martin Corp says increased outlook for full year cash from operations by $300 million to at least $6.0 billion

* Sees 2017 diluted earnings per share $12.15 - $12.45

* Fy2017 earnings per share view $12.64, revenue view $50.18 billion -- Thomson Reuters I/B/E/S

* Lockheed Martin - Q1 net earnings from continuing operations also includes separate $64 million charge

* Lockheed Martin - $64 million charge in quarter is co's portion of noncash asset impairment charge recorded by international equity method investee

* Lockheed Martin Corp - charges had effect of reducing net earnings by $114 million, or $0.39 per share in quarter

* Lockheed Martin Corp says co previously estimated diluted earnings per share of $12.25 - $12.55 for fy 2017 Source text for Eikon: Further company coverage:

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