How Lockheed Martin Crushed Its Q1 Earnings Report [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
The company beat sales predictions by 7.5% and earnings estimates by 10%, yet Lockheed stock ended the week below where it began. Is that fair? Lockheed's Q1 earnings For Q1 2024, Lockheed earned $6.39 on sales of $17.2 billion. Sales increased nearly 14% year over year, but earnings declined a bit -- down about 3% year over year. Free cash flow came in even lower than reported earnings. That's the opposite of what you'd expect to happen, so to an extent it actually was fair for investors to not bid up Lockheed stock despite the company beating expectations. Why didn't Lockheed do even better in Q1? And why are investors upset with it despite the beat? Strange as it is to say since we're in the middle of a global bull market for weapons systems, in general, and for missiles, in particular, but Lockheed's sole underperforming business in Q1 was its missiles and fire control division. Out of Lockheed's four main divisions, each of which enjoyed growing sales in the quarter, th
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News
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LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/23/24 - Form 10-Q
- LMT's page on the SEC website