Lockheed Martin Outperforms In Q2, Boosts 2024 Projections On Strong Defense Sales
Portfolio Pulse from Akanksha Bakshi
Lockheed Martin Corp (NYSE:LMT) reported strong Q2 2024 results with net sales growth of 9% YoY to $18.12 billion, surpassing expectations. Adjusted EPS also exceeded forecasts at $7.11. Despite some margin contractions, the company raised its 2024 outlook for sales, operating profit, and EPS. LMT shares rose by 1.85% following the announcement.
July 23, 2024 | 3:08 pm
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Lockheed Martin reported strong Q2 2024 results with net sales of $18.12 billion, beating expectations. Adjusted EPS of $7.11 also surpassed forecasts. Despite some margin contractions, the company raised its 2024 outlook for sales, operating profit, and EPS. Shares rose by 1.85%.
Lockheed Martin's strong Q2 results and raised 2024 outlook indicate robust performance and future growth potential, positively impacting investor sentiment and driving the stock price up.
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IMPORTANCE 90
RELEVANCE 100