Lockheed (LMT) Q1 Earnings Beat Estimates, Sales Improve Y/Y

Lockheed Martin Corporation (LMT) reported first-quarter 2024 adjusted earnings of $6.33 per share, which beat the Zacks Consensus Estimate of $5.80 by 9.1%. The bottom line, however, declined 1.6% from the year-ago quarter's recorded figure of $6.43.The company reported GAAP earnings of $6.39 per share compared with $6.61 in the prior-year period.Operational HighlightsNet sales were $17.20 billion, which surpassed the Zacks Consensus Estimate of $16.19 billion by 6.2%. The top line also increased 13.7% fro ...