Lockheed Martin Stock Hits Record Highs Before Earnings

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 ...