Defense giant Lockheed Martin turned in a solid quarter amid rising global tensions and intensifying war between Israel and Hamas. Conflict has boosted shares, and these results should help keep the price stable.
Free cash flow was a highlight, coming in at $2.5 billion, above Wall Street’s estimate of $1.7 billion. Backlog finished the quarter at $156 billion, just down from a record $158 billion at the end of the second quarter. With one quarter left in 2023, financial guidance was reaffirmed. Management still expects to generate earnings per share of about $27.10 from sales of about $66.5 billion. That leaves about $7.22 a share and $18 billion in sales for the fourth quarter. Wall Street is currently projecting $7.28 a share and $18.1 billion in sales.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Lockheed Martin Reports Earnings Tuesday. What To Expect.The company's shares are up about 10% since war broke out between Israel and Hamas.
Weiterlesen »
Stock futures rise slightly to kick off a busy earnings week: Live updatesMarkets faced an uncertain week ahead as earnings season heats up and developments in the Israel-Hamas war left investors wary.
Weiterlesen »
Asia stocks rise on earnings hopes; keep wary eye on Mideast tensionsAsia stocks rise on earnings hopes; keep wary eye on Mideast tensions
Weiterlesen »
Tesla, Goldman, Netflix, Lockheed, TSMC, and More Stocks to Watch This WeekThird-quarter earnings season picks up this week with reports from Morgan Stanley, Bank of America, Tesla, Goldman Sachs, Netflix, TSMC, Johnson & Johnson,...
Weiterlesen »