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Stock impact report

Lockheed Martin Delivers for Investors Despite Coronavirus Concerns [The Motley Fool]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: The Motley Fool
Lockheed Martin(NYSE:LMTIn its first-quarter release, the company justified investors' faith in the business and made a strong case for why Lockheed Martin is a good stock to consider if the U.S. economy is, as feared, headed toward a pandemic-sparked recession. Thedefense industry titanA strong first quarterOn April , Lockheed Martin reported first-quarter earnings of $6.08 per share on revenue of $.7 billion, easily topping Wall Street consensus estimates for $.80 per share in earnings on sales of $ billion. Revenue was up 9% year over year, and Lockheed reported a surprisingly strong $ billion in cash flow for the quarter.The company booked slightly more revenue than it billed, which is below Lockheed's -month . book-to-bill ratio but still positive. Lockheed received more than $ billion in orders during the quarter, led by Sikorsky helicopter sales and the company's missile division.Image source: Lockheed Martin.Lockheed is best known as the maker of the F- Joint Strike Fighter, a Show less Read more
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