Investing.com - Lockheed Martin (NYSE:LMT) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $5.44 on revenue of $15.17B. Analysts polled by Investing.com anticipated EPS of $5.02 on revenue of $14.87B. That compared to EPS of $5.14 on revenue of $14.32B in the same period a year earlier. The company had reported EPS of $5 on revenue of $14.43B in the previous quarter.
For the year, Lockheed Martin shares are up 42.85%, outperforming the S&P 500 which is up 21.39% year to date.
Lockheed Martin follows other major Capital Goods sector earnings this month
On Thursday, Honeywell reported third quarter EPS of $2.08 on revenue of $9.09B, compared to forecasts of EPS of $2.01 on revenue of $9.12B.
United Technologies earnings beat analyst's expectations on Tuesday, with third quarter EPS of $2.21 on revenue of $19.50B. Investing.com analysts expected EPS of $2.03 on revenue of $19.32B
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