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Why Lockheed Martin Stock Keeps Going Down

TheMotleyFool

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Why Lockheed Martin Stock Keeps Going DownPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.midjourneyapi.xyz/temp/138548fd-aba2-4b3e-b9ee-93725b372952.png

Nine straight days of losses for Lockheed Martin (NYSE: LMT) came thudding to a close on Friday, with the defense stock dropping a final 4% to close out earnings week. And while Lockheed's stock market losses had no obvious catalyst before -- now they clearly do.

As I wrote yesterday, Lockheed Martin missed on both sales and earnings, reporting per-share profit $0.30 below analysts' forecasts -- and negative free cash flow for the quarter. Sales flatlined year over year, and Wall Street isn't happy about that.

Image source: Getty Images.

Source Fool.com

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