Lockheed Martin Profits, Revenues Better in Q3

Investing.com – Lockheed Martin (NYSE:LMT) on Tuesday reported third-quarter earnings that topped analyst expectations and revenue topped forecasts.

The company reported earnings per share of $5.14 on revenue of $14.32 billion. Analysts polled by Investing.com expected EPS of $4.3 on revenue of $13 billion. This compared to EPS of $3.24 on revenue of $12.17 billion in the same period a year earlier. In the previous quarter, the company saw EPS of $4.05 on revenue of $13.4 billion.

Following the report, Lockheed Martin shares lost 0.69%, reaching $324.52 in pre-market trading.

Lockheed Martin shares are down 18.69% for the year, underperforming the S&P Global 100 Index, which is down 0.25% year-to-date.

Lockheed Martin is tracking the performance of other major capital goods sectors this month

On Tuesday, 3M (NYSE:MMM) saw third-quarter EPS of $2.58 on revenue of $8.15 billion compared to forecasts for EPS of $2.72 on revenue of $8.45 billion.

Honeywell (NYSE:HON) earnings beat analyst expectations on Friday, with third-quarter EPS of $2.03 and revenue of $10.76 billion. Investing.com analysts expected EPS of $1.99 on revenue of $10.75 billion

Stay up to date with all upcoming earnings reports by visiting the earnings calendar on Investing.com

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Lockheed Martin’s profit rose 17 percent in the third quarter