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Why Lockheed Martin Stock Launched Higher

TheMotleyFool

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Why Lockheed Martin Stock Launched Higher: https://g.foolcdn.com/editorial/images/880376/f-16v-is-lockheed-martin-2018_05_10-12_39_51-utc.jpg

Lockheed Martin (NYSE: LMT) stock surged ahead 9% through 1:22 p.m. ET Thursday after crushing on earnings this morning.

Analysts expected Lockheed to report $7.23 per share in profit on $19.4 billion in sales for Q2 2026. Instead, Lockheed earned $7.94 per share on $20.1 billion in sales -- and then raised guidance.

Image source: Lockheed Martin.

Source Fool.com

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