Market Overview

Recap: Lockheed Martin Q3 Earnings

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Shares of Lockheed Martin (NYSE:LMT) moved higher by 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 10.42% over the past year to $6.25, which beat the estimate of $6.09.

Revenue of $16,495,000,000 rose by 8.73% from the same period last year, which beat the estimate of $16,120,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Lockheed Martin hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 20, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nvrg9st5

Recent Stock Performance

52-week high: $442.53

52-week low: $266.11

Price action over last quarter: down 2.30%

Company Profile

Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since being awarded the F-35 program in 2001. Lockheed's largest segment is Aeronautics, which is dominated by the massive F-35 program. Lockheed's remaining segments are rotary & mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

 

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Posted-In: Earnings News