Lockheed Martin Shares Are Rising In Tuesday Pre-Market: What's Going On?
Portfolio Pulse from Pooja Rajkumari
Lockheed Martin's shares rose 1.04% in pre-market trading as the company is set to release its Q3 financial results. Analysts expect continued outperformance with earnings of $6.50 per share and $17.351 billion in revenue. The company is also in focus for its acquisition of Terran Orbital Corp, $5.1 billion in secured contracts, and potential benefits from relaxed U.S. export restrictions.
October 22, 2024 | 9:37 am
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Lockheed Martin's shares are rising as the company is set to release its Q3 results, with expectations of continued strong performance. The company is also highlighted for its acquisition of Terran Orbital, $5.1 billion in contracts, and potential benefits from relaxed export restrictions.
Lockheed Martin's consistent outperformance in earnings, coupled with strategic acquisitions and secured contracts, positions the company favorably. The potential relaxation of export restrictions could further enhance its market opportunities, particularly in the space sector.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100