How to Play Lockheed Martin Following Q3 Earnings Beat?

Lockheed Martin Corp. (LMT) has come up with mixed third-quarter 2024 results, wherein its bottom line comfortably surpassed the Zacks Consensus Estimate but the top line missed the same. However, on a yearover-year basis, both sales and earnings showed positive growth, backed by robust demand for LMT's products and services across all four of its business segments. The company ended the third quarter with cash and cash equivalents worth $3.15 billion compared with $1.44 billion at the end of 2023. The impr ...