Lockheed Martin Q2: 8% Revenue Growth, Solid Demand, Raised FY23 Guidance & More
Portfolio Pulse from Akanksha Bakshi
Lockheed Martin Corp (NYSE:LMT) reported Q2 FY23 net sales growth of 8.1% YoY to $16.69 billion, beating the consensus of $15.91 billion. Adjusted EPS of $6.73 also topped the consensus of $6.45. The company raised its FY23 outlook, expecting net sales of $66.25 billion - $66.75 billion and EPS of $27.00 - $27.20. LMT shares are trading higher by 1.06% at $474.94 premarket on Tuesday.
July 18, 2023 | 1:07 pm
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Lockheed Martin reported strong Q2 FY23 results, beating estimates and raising its FY23 outlook. This positive news has led to a premarket increase in the company's share price.
Lockheed Martin's strong Q2 FY23 results and raised FY23 outlook are positive indicators of the company's performance and future prospects. This has likely contributed to the increase in the company's share price in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100