Lockheed Martin Earnings Beat, Revenue Misses In Q1
2022.04.19 14:47
Lockheed Martin Earnings Beat, Revenue Misses In Q1
Investing.com – Lockheed Martin (NYSE:LMT) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Lockheed Martin announced earnings per share of $6.44 on revenue of $14.96B. Analysts polled by Investing.com anticipated EPS of $6.21 on revenue of $15.64B.
Lockheed Martin shares are up 31% from the beginning of the year, still down 2.61% from its 52 week high of $479.99 set on March 7. They are outperforming the S&P 500 which is down 7.86% from the start of the year.
Lockheed Martin shares lost 1.58% in pre-market trade following the report.
Lockheed Martin follows other major Industrials sector earnings this month
Lockheed Martin’s report follows an earnings beat by Cintas on March 23, who reported EPS of $2.69 on revenue of $1.96B, compared to forecasts EPS of $2.44 on revenue of $1.91B.
Fastenal had beat expectations on April 13 with first quarter EPS of $0.47 on revenue of $1.7B, compared to forecast for EPS of $0.45 on revenue of $1,688M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
