Investing.com - Lockheed Martin (NYSE:LMT) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lockheed Martin announced earnings per share of $7.47 on revenue of $17.73B. Analysts polled by Investing.com anticipated EPS of $7.15 on revenue of $17.66B.
Lockheed Martin shares are up 5% from the beginning of the year, still down 5.96% from its 52 week high of $396.99 set on May 10, 2021. They are outperforming the S&P 500 which is down 7.47% from the start of the year.
Lockheed Martin shares gained 0.67% in pre-market trade following the report.
Lockheed Martin follows other major Industrials sector earnings this month
Lockheed Martin's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.28B.
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