Lockheed Martin Q4 2023 GAAP EPS $7.58 Beats $7.28 Estimate, Sales $18.90B Beat $17.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin (NYSE:LMT) reported Q4 2023 earnings per share (EPS) of $7.58, surpassing the consensus estimate of $7.28 by 4.12%. Quarterly sales reached $18.90 billion, exceeding estimates of $17.97 billion by 5.20%, although this represents a slight decrease of 0.48% from the same period last year.
January 23, 2024 | 12:29 pm
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Lockheed Martin reported higher-than-expected Q4 earnings and sales, with EPS at $7.58 beating estimates by 4.12% and sales of $18.90B exceeding estimates by 5.20%.
Lockheed Martin's earnings and sales beat are significant indicators of the company's financial health and often result in a positive short-term impact on the stock price. The beat on both top and bottom lines suggests operational efficiency and could lead to increased investor confidence. However, the slight year-over-year decrease in sales might temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100