Lockheed: Q3 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 08:36 AM ET
Last Updated - Dec 16, 2024, 06:08 PM EST
BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Lockheed Martin Corp. (LMT) on Tuesday reported third-quarter profit of $1.62 billion.
The Bethesda, Maryland-based company said it had profit of $6.80 per share. Earnings, adjusted for investment costs, were $6.84 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $6.47 per share.
The aerospace and defense company posted revenue of $17.1 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $17.28 billion.
