Lockheed Martin Q1 2024 GAAP EPS $6.39 Beats $5.79 Estimate, Sales $17.200B Beat $15.992B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin reported Q1 2024 earnings of $6.39 per share, surpassing the $5.79 estimate, with sales of $17.200B also beating the $15.992B estimate, marking a 13.71% increase from the previous year.
April 23, 2024 | 11:30 am
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Lockheed Martin's Q1 2024 earnings and sales exceeded analyst expectations, indicating strong financial performance.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance in both metrics, especially with a 13.71% increase in sales year-over-year, highlights the company's strong financial health and operational efficiency, likely boosting investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100