Lockheed Martin Earnings, Revenue Miss in Q2
2022.07.19 15:25
Lockheed Martin Earnings, Revenue Miss in Q2
Investing.com – Lockheed Martin (NYSE:LMT) reported on Tuesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Lockheed Martin announced earnings per share of $6.32 on revenue of $15.45B. Analysts polled by Investing.com anticipated EPS of $6.34 on revenue of $15.99B.
Lockheed Martin shares are up 8% from the beginning of the year, still down 19.31% from its 52 week high of $479.99 set on March 7. They are outperforming the S&P 500 which is down 19.62% from the start of the year.
Lockheed Martin shares lost 1.80% in pre-market trade following the report.
Lockheed Martin follows other major Industrials sector earnings this month
Lockheed Martin’s report follows an earnings matched by FedEx on June 23, who reported EPS of $6.87 on revenue of $24.4B, compared to forecasts EPS of $6.87 on revenue of $24.5B.
Cintas had beat expectations on Thursday with fourth quarter EPS of $2.72 on revenue of $2.07B, compared to forecast for EPS of $2.68 on revenue of $2.01B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
