Investing.com - Lockheed Martin (NYSE:LMT) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $5.99 on revenue of $14.34B. Analysts polled by Investing.com expected EPS of $4.34 on revenue of $12.51B. That compared to EPS of $4.02 on revenue of $11.64B in the same period a year earlier. The company had reported EPS of $4.39 on revenue of $14.41B in the previous quarter.
Lockheed Martin shares gained 4.13% to trade at $328.28 in pre-market trade following the report.
Lockheed Martin shares gained 4.13% to trade at $328.28 in pre-market trade following the report.
For the year, Lockheed Martin shares are up 20.4%, outperforming the S&P 500 which is up 17.4% year to date.
Lockheed Martin follows other major Capital Goods sector earnings this month
On Thursday, Honeywell reported first quarter EPS of $1.92 on revenue of $8.88B, compared to forecasts of EPS of $1.83 on revenue of $8.63B.
United Technologies earnings beat analyst's expectations on Tuesday, with first quarter EPS of $1.91 on revenue of $18.37B. Investing.com analysts expected EPS of $1.71 on revenue of $18B
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