Lockheed Martin Reports Mixed Results
Lockheed Martin (NYSE:LMT), a major player in the defense and aerospace sector, faced a mixed quarter as it released its Q4 2024 earnings on Jan. 28. The company reported earnings per share (EPS) of $2.22, falling short of the estimated $6.62, translating into a significant miss due to challenges in classified programs. Total revenue for the quarter was $18.6 billion, slightly below analysts' expectations of $18.87 billion.
Despite these challenges, the company experienced a robust order book, finishing the year with a record backlog of $176 billion, suggesting a positive trajectory ahead.
Source: Analyst estimates for the quarter provided by FactSet.
Source Fool.com
