Investing.com – Lockheed Martin (NYSE:) reported on Tuesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Lockheed Martin announced earnings per share of $6.08 on revenue of $15.65B. Analysts polled by Investing.com anticipated EPS of $5.78 on revenue of $15.09B. That with comparison to EPS of $5.73 on revenue of $14.34B in the same period a year before. Lockheed Martin had reported EPS of $5.29 on revenue of $15.88B in the previous quarter. Analysts are expecting EPS of $5.89 and revenue of $15.48B in the upcoming quarter.
Lockheed Martin shares are down 1% from the beginning of the year , still down 13.40% from its 52 week high of $442.53 set on February 11. They are outperforming the which is down 12.99% year to date.
Lockheed Martin shares gained 0.73% in pre-market trade following the report.
Lockheed Martin follows other major Capital Goods sector earnings this month
Lockheed Martin’s report follows an earnings missed by ASML ADR on April 15, who reported EPS of $0.93 on revenue of $2.44B, compared to forecasts EPS of $1.47 on revenue of $3.17B.
L3Harris Technologies had beat expectations on February 4 with second quarter EPS of $2.44 on revenue of $1.87B, compared to forecast for EPS of $2.28 on revenue of $1.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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