Lockheed Martin shares fell 2.9% in pre-conference trading, as the aerospace and defense company announced quarterly earnings that exceeded expectations.
Sales, however, were lower than expected, and its four business units announced figures lower than expected.
Net income fell to $ 1.73 billion, or $ 6.44 a share, from $ 1.84 billion, or $ 6.56 a year, a year earlier.
Convergent estimates spoke of $ 6.11 per share.
Sales fell 8% to $ 14.96 billion, lower than estimates for $ 15.58 billion.
The company confirmed its estimates for the year, for earnings per share of about $ 26.70 and sales of $ 66 billion.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
