Lockheed Martin (LMT) tops Q3 expectations on 'robust' demand
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Argus Defending Lockheed Martin (LMT), 'Recent weakness offers buying opportunity'
October 18, 2023 9:22 AM EDTArgus analyst John Eade reiterated a Buy rating and $510.00 price target on Lockheed Martin (NYSE: LMT).
Argus Defending Lockheed Martin (LMT), 'Recent weakness offers buying opportunity'
For an analyst ratings summary and ratings history on Lockheed Martin... More
Lockheed beats estimates on sustained weapons demand amid geopolitical tensions
October 17, 2023 7:32 AM EDTBy Pratyush Thakur and Mike Stone
(Reuters) -U.S. defense contractor Lockheed Martin shares are up 2%after reporting better-than-expected third-quarter revenue and profit on Tuesday, as geopolitical tensions fueled sustained demand for its military equipment.
During pre-market trading Lockheed shares were down as much as 2.1% due to weak sales in the unit that makes the F-35 fighter jet, but reversed in early trading in New York to $450.52 per share, up 2%.
The war in Ukraine has... More
Lockheed Martin (LMT) Tops Q3 EPS by 10c, Reaffirms Guidance
October 17, 2023 7:31 AM EDT(Updated - October 17, 2023 7:38 AM EDT)
Lockheed Martin (NYSE: LMT) reported Q3 EPS of $6.77, $0.10 better than the analyst estimate of $6.67. Revenue for the quarter came in at $16.9 billion versus the consensus estimate of $16.72 billion.
Increased share repurchase authority by $6.0 billion to a total... More