Lockheed Martin: Q2 Earnings Insights - Lockheed Martin (NYSE:LMT)

Lockheed Martin LMT reported its Q2 earnings results on Tuesday, July 19, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Lockheed Martin missed estimated earnings by 1.1%, reporting an EPS of $6.32 versus an estimate of $6.39.

Revenue was down $1.58 billion from the same period last year.

Last quarter the company beat on EPS by $0.23 which was followed by a 1.31% drop in the share price the next day.

Here's a look at Lockheed Martin's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	6.21	7.15	1.97	6.53
EPS Actual	6.44	7.47	2.21	6.52
Revenue Estimate	15.55B	17.66B	17.12B	16.93B
Revenue Actual	14.96B	17.73B	16.03B	17.03B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Lockheed Martin management provided guidance for FY 2022, expecting earnings between $21.55 and $21.55 per share.

To track all earnings releases for Lockheed Martin visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.