Lockheed Martin Fiscal Q1 Adjusted Earnings Drop, Net Sales Advance; Fiscal 2024 Outlook Reiterated-March 2024-www.financetom.com

Lockheed Martin Fiscal Q1 Adjusted Earnings Drop, Net Sales Advance; Fiscal 2024 Outlook Reiterated

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Lockheed Martin Fiscal Q1 Adjusted Earnings Drop, Net Sales Advance; Fiscal 2024 Outlook Reiterated

Apr 23, 2024 5:20 AM

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.

Previous page： This bank will cut bonus if employees don't come back to work Next page： Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

This bank will cut bonus if employees don't come back to work

Nov 22, 2023

ANZ managers have informed their respective teams about the new policy this week in generic emails, reaffirming the bank's expectation that staff devote at least half their working hours in the office each month, afr.com reported.

Mahindra, Volvo among corporations pushing for fossil fuel exit at COP28

Oct 23, 2023

Companies are increasingly committing to their own timelines for reducing their emissions, but many acknowledge that their ability to slow planet-warming CO2 emissions is contingent on faster action from governments.

IMF warns Europe against prematurely declaring victory over inflation

Nov 8, 2023

The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth.

Pakistan's national carrier resorts to flight cancellation owing to non-payment of dues

Oct 23, 2023

The airline, which was once considered the pride of Pakistan and was the first international airline to be given access to fly to Beijing, is said to be suffering millions in losses on a daily basis.