Key Takeaways Lockheed Martin missed revenue estimates as aerospace sales tumbled because of contractual and funding issues for its F-35 fighter jet. Still, the company revised its full-year profit outlook higher. Shares of Lockheed Martin fell from their all-time high set yesterday. Lockheed Martin (LMT) shares tumbled Tuesday as the defense contractor missed revenue estimates on a drop in aerospace sales. The company reported third-quarter revenue rose 1% year-over-year to $17.10 billion, while analysts s ...

Lockheed Martin (LMT) reported $17.1 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.3%. EPS of $6.84 for the same period compares to $6.77 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $17.28 billion, representing a surprise of -1.05%. The company delivered an EPS surprise of +5.72%, with the consensus EPS estimate being $6.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Weak revenue growth mars an otherwise solid quarter. Lockheed Martin (LMT -5.38%) beat on earnings but missed on revenue because of F-35 delivery delays, and narrowed its full-year guidance. Investors were underwhelmed by the news, sending Lockheed shares down 5% as of 10:30 a.m. ET. A solid quarter beneath the surface Lockheed Martin, the world's largest defense contractor, earned $6.80 per share on sales of $17.1 billion in the third quarter. That's a mixed result relative to Wall Street's $6.50 per share ...

Lockheed Martin Corporation (LMT) reported third-quarter 2024 adjusted earnings of $6.84 per share, which beat the Zacks Consensus Estimate of $6.47 by 5.7%. The bottom line also rose 1% from the year-ago quarter's recorded figure of $6.77. The company reported GAAP earnings of $6.80 per share compared with $6.73 a year ago. The year-over-year bottom-line improvement can be attributed to solid sales growth and operating profit increase. Operational Highlights Net sales were $17.10 billion, which missed the ...

Lockheed Martin (LMT) came out with quarterly earnings of $6.84 per share, beating the Zacks Consensus Estimate of $6.47 per share. This compares to earnings of $6.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.72%. A quarter ago, it was expected that this aerospace and defense company would post earnings of $6.45 per share when it actually produced earnings of $7.11, delivering a surprise of 10.23%.Over the last four qu ...

Exhibit 99.1 News Release Lockheed Martin Reports Third Quarter 2024 Financial Results • Net sales of $17.1 billion, an increase of 1% year over year • Net earnings of $1.6 billion, or $6.80 per share • Cash from operations of $2.4 billion and free cash flow of $2.1 billion • $1.6 billion of cash returned to shareholders through dividends and share repurchases • Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billion • Increased quarterly dividend 5% to $3.30 per share ...

Net sales of $17.1 billion, an increase of 1% year over yearNet earnings of $1.6 billion, or $6.80 per shareCash from operations of $2.4 billion and free cash flow of $2.1 billion$1.6 billion of cash returned to shareholders through dividends and share repurchases Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billionIncreased quarterly dividend 5% to $3.30 per share2024 financial outlook increasedBETHESDA, Md., Oct. 22, 2024 /PRNewswire/ -- Lockheed Martin Corporatio ...

Defense and aerospace firm Lockheed Martin Corp (NYSE:LMT) is scheduled to report earnings before the open on Tuesday, Oct. 22. Per Reuters, Wall Street expects the company's third-quarter adjusted earnings per share to come in at $6.50 on revenue of $17.28 billion, the latter of which is a 2.8% year-over-year increase. Ahead of the event, LMT is up 0.4% at $614.04, and earlier touched a record high of $618.95.Over the last two years, LMT finished post-earnings sessions higher five times, and averaged a 3.3 ...

SAN DIEGO, CALIFORNIA - SEPTEMBER 28: A U.S. Marine F-35B Lightning II (Joint Stike Fighter) flies ... [+] during the Marine Corps Air Station Miramar Airshow on September 28, 2024 in San Diego, California. (Photo by Kevin Carter/Getty Images)Getty ImagesLockheed Martin (NYSE: LMT) will report its Q3 2024 results on Tuesday, October 22. We expect the company to post mixed results, with revenue of $17.0 billion and earnings of $6.50 per share, compared to the consensus estimates of $17.4 billion and $6.50, r ...

Wall Street analysts expect Lockheed Martin (LMT) to post quarterly earnings of $6.47 per share in its upcoming report, which indicates a year-over-year decline of 4.4%. Revenues are expected to be $17.28 billion, up 2.4% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its e ...