Recap: Lockheed Martin Q1 Earnings

 

Shares of Lockheed Martin LMT decreased 0.0% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 7.89% over the past year to $6.56, which beat the estimate of $6.30.

Revenue of $16,258,000,000 rose by 3.88% from the same period last year, which missed the estimate of $16,330,000,000.

Guidance

Lockheed Martin raised FY21 EPS guidance from $26.00-$26.30 to $26.40-$26.70.

The company raised sales guidance from $67.1B-$68.5B to $67.3B-$68.7B.

How To Listen To The Conference Call

Date: Apr 20, 2021

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/54rq7iam

Price Action

Company's 52-week high was at $417.62

52-week low: $319.81

Price action over last quarter: Up 17.73%

Company Description

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.

Posted In: BZI-RecapsEarningsNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.