© Reuters. Lockheed Martin Earnings Beat, Revenue Misses In Q3
Investing.com – Lockheed Martin (NYSE:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Lockheed Martin announced earnings per share of $6.87 on revenue of $16.60. Analysts polled by Investing.com anticipated EPS of $6.66 on revenue of $16.66B.
Lockheed Martin shares are down 31.39% from the beginning of the year, still down 17.23% from its 52 week high of $479.99 set on March 7.
Lockheed Martin shares gained 0.70% in pre-market trade following the report.
Lockheed Martin follows other major Industrials sector earnings this month
Lockheed Martin’s report follows an earnings missed by FedEx on September 15, who reported EPS of $3.44 on revenue of $23.2B, compared to forecasts EPS of $5.14 on revenue of $23.61B.
Cintas had beat expectations on September 28 with first quarter EPS of $3.39 on revenue of $2.17B, compared to forecast for EPS of $3.13 on revenue of $2.08B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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