The 3% drop in the share price appears to reflect the company's estimate of a 2018 tax rate of 17%, which is higher than investors anticipated.
The aeronautics division, Lockheed's largest, delivered an 11.8% sales gain in Q4 as production volume for the F-35 supersonic warplanes increased.
The insurer says it underestimated its group annuity reserves because of "a material weakness in internal control over financial reporting.”
"The impression of stagnation ... has dogged Colgate and other consumer goods producers in the past year.”
Labor and fuel expenses weighed on the Q4 bottom line but American posted a 5.5% gain in revenue per available seat mile.
The restructuring would create a “stronger, simpler, faster Newell,” but the company's shares drop more than 20%.
The card company's net income for Q4 dipped to $387 million from $563 million, but all its loan segments saw growth.
The company also discloses an SEC investigation of the $6.2 billion charge it took for its long-term care insurance business.
The credit card issuer increased its credit loss provision by 5% and also took a $1.77 billion hit from the new tax law.
"Second quarter was not a quality beat, with gross margin lower than expected, and little near-term benefit from the Tax Act,” an analyst says.