07:54 AM EDT, 04/23/2024 (MT Newswires) -- Lockheed Martin ( LMT ) reported fiscal Q1 adjusted earnings Tuesday of $6.33 per diluted share, down from $6.43 a year earlier.

Analysts polled by Capital IQ expected $5.86.

Net sales for the quarter ended March 31 were $17.2 billion, up from $15.13 billion a year earlier.

Analysts surveyed by Capital IQ expected $15.99 billion.

The US defense contractor said it continues to expect fiscal 2024 diluted EPS of $25.65 to $26.35 on net sales of $68.50 billion to $70 billion. Analysts polled by Capital IQ are expecting diluted EPS of $26.03 on revenue of $69.32 billion.

The company's shares were up 1.4% in recent Tuesday premarket activity.