Lockheed Martin Q3 2024 Adj. EPS $6.84 Beats $6.50 Estimate, Sales $17.104B Miss $17.351B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin reported Q3 2024 earnings per share of $6.84, surpassing the analyst estimate of $6.50. However, sales of $17.104 billion fell short of the expected $17.351 billion.
October 22, 2024 | 11:30 am
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Lockheed Martin's Q3 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $6.84 beat the $6.50 estimate, while sales of $17.104 billion missed the $17.351 billion estimate.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact on the stock price. Investors may focus on the earnings beat, but the sales miss could temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100