Lockheed: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 07:36 AM ET
Last Updated - Apr 23, 2024, 07:36 AM EDT
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported first-quarter earnings of $1.55 billion.
The Bethesda, Maryland-based company said it had net income of $6.39 per share. Earnings, adjusted for non-recurring gains, came to $6.33 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.80 per share.
The aerospace and defense company posted revenue of $17.2 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $16.19 billion.
