Lockheed Martin reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lockheed Martin announced earnings per share of $5.29 on revenue of $15.88B. Analysts polled by forecast EPS of $5.01 on revenue of $15.25B. That was in comparison to EPS of $4.39 on revenue of $14.41B in the same period a year before.Lockheed Martin had announced EPS of $5.66 on revenue of $15.17B in the previous quarter.Analysts are forecasting EPS of $5.81 and revenue of $14.86B in the upcoming quarter.
Lockheed Martin stock's are up 11.04% from the beginning of the year and is trading at $439.00 , still down 0.45% from its 52 week high of $434.34 set on January 27.
Lockheed Martin shares gained 1.53% to trade at $439.00 in pre-market trade after the report.
Lockheed Martin follows other major Capital Goods sector earnings this month
Lockheed Martin's report follows an earnings beat by United Technologies on Tuesday, who reported EPS of $1.94 on revenue of $19.55B, was in comparison with anticipated EPS of $1.84 on revenue of $19.4B.
ASML ADR had missed expectations on January 22 with fourth quarter EPS of $2.99 on revenue of $4.47B, was in comparison to forecast for EPS of $3.01 on revenue of $4.35B.
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