Lockheed Martin Raises Annual EPS Guidance But Struggles With Sales; Stock Slips
Portfolio Pulse from Akanksha Bakshi
Lockheed Martin reported mixed Q3 results with a slight sales miss but exceeded EPS expectations. The company raised its annual EPS guidance and narrowed sales guidance. Despite positive outlooks, LMT shares fell by 4.91%.
October 22, 2024 | 2:38 pm
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Lockheed Martin's Q3 results showed a sales miss but an EPS beat, leading to a raised annual EPS guidance. Despite this, shares fell by 4.91%, possibly due to the sales miss and market reaction.
Lockheed Martin's Q3 results were mixed, with sales missing expectations but EPS exceeding them. The company raised its annual EPS guidance, which is positive. However, the market reacted negatively, possibly due to the sales miss, leading to a 4.91% drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100