Lockheed Martin stock is lower Tuesday after the aerospace giant missed estimates for its fourth quarter and issued a mixed outlook. Here's what to know.
Lockheed Martin (LMT) came out with quarterly earnings of $7.67 per share, beating the Zacks Consensus Estimate of $6.60 per share. This compares to earnings of $7.90 per share a year ago.
Lockheed Martin Corp (NYSE:LMT) shares misfired on Tuesday, falling 4% pre-market to $483.3, after the defence giant's fourth-quarter earnings and guidance for 2025 were lower than analysts had expected. Quarterly net sales came in at $18.6 billion, down 1.6% year-on-year and short of the average Wall Street forecast of $18.84 billion.
The company also provided soft guidance.
CNBC's Morgan Brenna joins 'Squawk Box' to report on the company's quarterly earnings results.
Lockheed Martin forecast 2025 profit that missed Wall Street expectations on Tuesday, as the defense giant grapples with delayed rollouts of a tech upgrade on the F-35, underscoring a cautious tone for the year amid rising global tensions.
Lockheed reports fourth-quarter earnings per share of $7.67, adjusted for losses on classified programs, on sales of $18.6 billion. Wall Street was looking for earnings of $6.62 on sales of $18.9 billion.
Lockheed Martin Corporation LMT will release its fourth-quarter financial results, before the opening bell, on Tuesday, Jan. 28, 2025.
LMT clinches a contract to install cutting-edge infrared threat detection sensors on the F-22 Raptor Aircraft.
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In the closing of the recent trading day, Lockheed Martin (LMT) stood at $497.28, denoting a -0.41% change from the preceding trading day.
Evaluate the expected performance of Lockheed (LMT) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.