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In February 2024, investors were reminded why the space economy matters, and why it's a good time to consider the top space stocks. The United States returned to the moon with the privately built Nova C Odysseus lander.
Lockheed Martin Lockheed Martin (NYSE: LMT) recently reported its Q1 results, with revenues and earnings above the street estimates. The company reported revenue of $17.2 billion, and earnings of $6.33 per share, compared to the consensus estimate of $16.1 billion and $5.80, respectively.
As an investor with significant positions in equities, I am an optimist. However, it's important to be realistic at the same time.
Lockheed Martin (LMT) came out with quarterly earnings of $6.33 per share, beating the Zacks Consensus Estimate of $5.80 per share. This compares to earnings of $6.43 per share a year ago.
The headline numbers for Lockheed (LMT) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lockheed's (LMT) Q1 sales of $17.20 billion surpass the Zacks Consensus Estimate by 6.2%. The top line also increases 13.7% year over year.
Lockheed Martin's NYSE: LMT stock price has trended higher for years, supported by robust defense spending and, more recently, conflict in Ukraine and the Middle East. The takeaway from the Q1 2024 earnings report is that business is good, very good, and that guidance is cautious.
U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted some countries to boost their defense spending, driving demand for new weapons.
CNBC's Morgan Brennan joins 'Squawk Box' to report on the company's quarterly earnings results.
U.S. weapons maker Lockheed Martin on Tuesday reported a near 14% rise in first-quarter sales, as simmering geopolitical tensions prompt some countries to boost their defense spending, driving demand for new weapons.