Lockheed Martin (NYSE:LMT) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $5.14 on revenue of $14.32B. Analysts polled by anticipated EPS of $4.3 on revenue of $13B. That compared to EPS of $3.24 on revenue of $12.17B in the same period a year earlier. The company had reported EPS of $4.05 on revenue of $13.4B in the previous quarter.
Lockheed Martin shares lost 0.69% to trade at $324.52 in pre-market trade following the report.
For the year, Lockheed Martin shares are down 18.69%, under-performing the S&P Global 100 which is down 0.25% year to date.
Lockheed Martin follows other major Capital Goods sector earnings this month
On Tuesday, 3M (NYSE:MMM) reported third quarter EPS of $2.58 on revenue of $8.15B, compared to forecasts of EPS of $2.72 on revenue of $8.45B.
Honeywell (NYSE:HON) earnings beat analyst's expectations on Friday, with third quarter EPS of $2.03 on revenue of $10.76B. analysts expected EPS of $1.99 on revenue of $10.75B
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