BUZZ-Lockheed Martin slips after lower-than-expected 2025 profit forecast

Reuters

2025/01/28

** Shares of defense co Lockheed Martin LMT.N down 3.2% at $487.36 premarket

** Co forecast 2025 profit below estimates, as co grapples with delayed rollouts of tech upgrade on F-35

** Sees 2025 EPS between $27 and $27.30; analysts on average were expecting EPS of $27.92 - LSEG data

** LMT reports Q4 total sales of $18.62 bln, below analysts' expectations of $18.91 bln

** Posts Q4 profit of $2.22 per share vs $7.58 per share a year earlier

** Stock rose ~7.2% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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