Workflow
Lockheed Beats on Q3 Earnings but Misses Sales, Ups '24 EPS View
LMTLockheed Martin(LMT) ZACKS·2024-10-22 14:35

Lockheed Martin Corporation (LMT) reported third-quarter 2024 adjusted earnings of 6.84pershare,whichbeattheZacksConsensusEstimateof6.84 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.ThecompanyreportedGAAPearningsof6.77. The company reported GAAP earnings of 6.80 per share compared with 6.73ayearago.Theyear−over−yearbottom−lineimprovementcanbeattributedtosolidsalesgrowthandoperatingprofitincrease.OperationalHighlightsNetsaleswere6.73 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 ...