Investing.com - Lockheed Martin (NYSE:LMT) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lockheed Martin announced earnings per share of $6.25 on revenue of $16.50B. Analysts polled by Investing.com anticipated EPS of $6.09 on revenue of $16.1B.
Lockheed Martin shares are down 1% from the beginning of the year, still down 13.29% from its 52 week high of $442.53 set on February 11. They are under-performing the S&P 500 which is up 6.07% from the start of the year.
Lockheed Martin shares gained 0.60% in pre-market trade following the report.
Lockheed Martin follows other major Capital Goods sector earnings this month
Lockheed Martin's report follows an earnings beat by ASML ADR on October 14, who reported EPS of $2.99 on revenue of $4.65B, compared to forecasts EPS of $2.64 on revenue of $4.36B.
Fastenal had beat expectations on October 13 with third quarter EPS of $0.38 on revenue of $1.41B, compared to forecast for EPS of $0.37 on revenue of $1.42B.
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