Lockheed Martin Reiterates FY2023 Outlook, GAAP EPS Guidance of $27.00-27.20 vs $27.11 Est; Sales Guidance of $66.25B-66.75B vs $65.64B Est
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin has reiterated its FY2023 outlook, with a GAAP EPS guidance of $27.00-27.20, compared to the estimated $27.11. The company also provided sales guidance of $66.25B-66.75B, which is higher than the estimated $65.64B.
October 17, 2023 | 11:35 am
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POSITIVE IMPACT
Lockheed Martin's reiterated FY2023 outlook and higher-than-expected sales guidance may positively impact its stock price.
Lockheed Martin's FY2023 outlook is in line with estimates, and its sales guidance is higher than expected. This shows strong financial performance and could lead to increased investor confidence, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100