08:28 AM EDT, 07/23/2024 (MT Newswires) -- Lockheed Martin ( LMT ) reported Q2 adjusted earnings Tuesday of $7.11 per diluted share, compared with $6.73 a year earlier.

Analysts surveyed by Capital IQ expected $6.45.

Net sales for the quarter ended June 30 was $18.12 billion, compared with $16.69 billion a year earlier. Analysts surveyed by Capital IQ expected $17.01 billion.

The defense contractor raised its fiscal 2024 outlook for adjusted diluted EPS to a range of $26.10 to $26.60 from previous guidance of $25.65 to $26.35. The company also raised its net sales guidance to a range of $70.5 billion to $71.5 billion from previous guidance of $68.50 billion to $70 billion.

Analysts polled by Capital IQ are expecting 2024 adjusted diluted EPS of $26.33 on net sales of $69.76 billion.

The company's shares were up 2% in Tuesday's premarket session.

Price: 483.43, Change: +8.84, Percent Change: +1.86